With State Council approval, the People's Bank of China and the Monetary Authority of Macao renewed their bilateral currency swap agreement and upgraded it into a standing swap arrangement with an open-ended term. The swap size was increased from CNY 30bn/MOP 34bn to CNY 50bn/MOP 57bn, with the stated aim of supporting financial stability in both jurisdictions, facilitating bilateral economic and trade links, and promoting the稳健 development of Macao’s offshore renminbi market.
Central Bank of the Republic of China 2025-12-05
People's Bank of China and Monetary Authority of Macao renew swap line as a standing arrangement and expand it to CNY 50bn
The People's Bank of China and the Monetary Authority of Macao have renewed and upgraded their bilateral currency swap agreement into a standing swap arrangement with an open-ended term, increasing the swap size to CNY 50 billion/MOP 57 billion. This aims to support financial stability, enhance bilateral economic and trade links, and promote the development of Macao’s offshore renminbi market.