With approval of the State Council, the People's Bank of China (PBoC) and the Monetary Authority of Macao (AMCM) have signed a permanent RMB/MOP currency swap agreement that no longer requires periodic renewal, and increased the swap size to RMB 50 billion (MOP 57 billion). AMCM first signed a three-year swap agreement with PBoC on 5 December 2019 for RMB 30 billion, which was renewed on 5 December 2022 at the same size for a further three years. The permanent, enlarged arrangement is intended to provide stronger support for RMB liquidity in Macao’s financial market and facilitate expansion of RMB business by Macao financial institutions. AMCM will continue to encourage Macao financial institutions to use the swap line and RMB clearing facilities to attract governments and companies from Portuguese-speaking countries to invest and raise financing in Macao, supporting the region’s role as a financial services platform between China and Portuguese-speaking countries.
Monetary Authority of Macao 2025-12-05
People's Bank of China and Monetary Authority of Macao sign permanent RMB/MOP currency swap agreement and expand it to RMB 50 billion
The People's Bank of China and the Monetary Authority of Macao have signed a permanent RMB/MOP currency swap agreement, increasing the swap size to RMB 50 billion (MOP 57 billion). This aims to enhance RMB liquidity in Macao's financial market and support the expansion of RMB business by local financial institutions. The AMCM will promote the swap line to attract investment from Portuguese-speaking countries, reinforcing Macao's role as a financial services platform.