The Monetary Authority of Macao (AMCM) convened a thematic seminar on bond market interconnection to support closer linkage between the Hong Kong and Macao bond markets and to explore connectivity opportunities across the Guangdong–Hong Kong–Macao Greater Bay Area. In opening remarks, AMCM board member Lei Ho Ian pointed to the direct linkage between Hong Kong and Macao bond market infrastructures launched in January 2025 and said the Macao Special Administrative Region government is enhancing financial infrastructure, the legal framework, tax incentives and talent support; AMCM will update the service functions of the Central Securities Depository of Macao in phases. Around 120 representatives from international central securities depositories, professional services providers and financial institutions in Hong Kong, Macao and the Guangdong–Macao Intensive Cooperation Zone in Hengqin attended. Clearstream Banking S.A. and Euroclear Bank covered international bond market trends and considerations for a regional cross-border securities custody system; Bond Connect Company Limited discussed Mainland China’s interbank bond market and how the Mainland–Hong Kong bond connect mechanism can support cross-border investment and financing; Shenzhen Stock Exchange representatives shared recent developments and initiatives in its bond market. A roundtable with Central Securities Depository and Clearing of Macao and the first cohort of financial institutions participating in the Hong Kong–Macao bond market linkage exchanged operational experience and discussed how Macao could attract more international investors and issuers into the local bond market. AMCM indicated that enhancements to the Central Securities Depository’s service functions will be rolled out in stages.

Original source View in tracker