The Monetary Authority of Macao (AMCM) held a ceremony on 26 November 2025 to appoint members of the new Expert Committee for Optimising Macau’s Central Securities Depository (CSD), formally creating an advisory body to support a comprehensive upgrade of the CSD as core infrastructure for Macau’s bond market. The committee comprises representatives from China Central Depository & Clearing Co., Ltd., CMU OmniClear Holdings Limited, Clearstream Banking S.A., the Macau Association of Banks and the Macau Securities and Funds Industry Association. It will provide professional opinions on the end-to-end upgrade of the CSD and on broader bond-market development, with AMCM highlighting the need to strengthen international connectivity and facilitate participation by non-resident investors. AMCM also signalled that the Macao SAR Government will continue to promote connectivity and interoperability between the CSD and international central securities depositories and will study the introduction of subsidy measures for bond issuance to enhance the competitiveness of Macau’s bond market.