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.
2025-12-05Central Bank of the Republic of China
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.