Macao Diversifies Financial Cooperation with Luxembourg to Provide a New Model for International Financial Cooperation along the BRI
NEWS AGENCY：
Xinhua News Agency
DATE OF NEWS:
March 10, 2022
The ChongWa (Macao) Financial Asset Exchange Co., Ltd. (MOX) and the Luxembourg Stock Exchange (LuxSE) co-hosted a launch ceremony of their future cooperation in Macao on March 10, 2022 and a joint conference on development and outlook of offshore financial markets under the Belt and Road Initiative (BRI). This opens up a new opportunity not only for issuers in Macao, but also for international investors eager to enter the Guangdong-Hong Kong-Macao Greater Bay Area market.
The bond market is key to the development of Macao’s modern financial industry and an important point for promoting its economic diversification. In January 2020, LuxSE signed a memorandum of understanding with MOX, introducing the issuer of the Macao trading platform into the international capital market. In addition, the bond information listed on MOX can be officially disclosed on LuxSE simultaneously. So far, a total of 11 overseas bonds have been listed both in MOX and LuxSE, surpassing 5 billion U.S. dollars in total, including six green bonds. Meanwhile, the MOX’s cumulative issuance and listing of bonds has exceeded 300 billion patacas (about 37.29 billion U.S. dollars).
Since this year marks the 50th anniversary of the establishment of diplomatic relations between China and Luxembourg, China's Macao Special Administrative Region will further explore diversified cooperation with Luxembourg in the bond market and green finance so as to provide a new model for international financial cooperation along the Belt and Road.
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