Macao should strengthen its role as a platform for the mainland and Portuguese-speaking Countries in financial services and yuan-denominated trade settlements, reports Portugal-based news agency Lusa.
The comments by Monetary Authority of Macao president Anselmo Teng Lin Seng were reportedly made in Lisbon on Monday at a seminar on financial co-operation between the mainland and Portuguese-speaking nations.
Bilateral trade was worth US$98.5 billion last year, which indicated the “very broad” growth to come, Mr Teng was quoted as saying.
Shanghai Municipal Government Financial Services Office director-general Zheng Yang told the seminar it was time to develop a financial services industry linking Shanghai, Macao and Lisbon.
