The Monetary Authority of Macao (AMCM) supported the organisation of the 2024 Macao bond market contribution awards ceremony, held in connection with the third anniversary of the Macao Central Securities Depository and Clearing Limited (MCSD), to recognise institutions that contributed to the development of Macao’s bond market during 2024. MCSD presented five awards across categories covering underwriting, issuance, market partnership, market promotion and professional services, with 24 local and international institutions recognised. The release also recapped recent market infrastructure and regulatory changes, including the launch of Macao’s central securities depository at the end of 2021, completion of the Monetary Bills and Notes Trading System at the end of 2022, and the entry into force in November 2023 of a new legal regime that replaced an approval-based public bond issuance process with a disclosure-based registration framework. In 2024, the CSD introduced a renminbi funds settlement module providing real-time delivery-versus-payment (DvP), and AMCM reported that the total value of debt securities deposited at MCSD exceeds MOP 100 billion. Looking ahead, AMCM stated it will continue legislative work related to a Securities Law and will encourage MCSD to enhance its service functions in line with existing plans, including to support custody product innovation and promote greater integration between the Macao and Hong Kong bond markets.

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