The Macau government intends to hire a consultancy to study the feasibility of opening a stock market in Macau, Macau Monetary Authority (AMCM) President Benjamin Chan Sau San says.
However, Chan was quick to add that the feasibility study would focus on the opening of a securities market as the first step.
Chan made the remarks on the sidelines of Friday’s conference of central bank governors and other senior financial sector representatives from mainland China and Portuguese-speaking countries, at the Venetian in Cotai
Speaking to the media, Chan said the government was keen to study the feasibility of a Macau-based stock market within the framework of the special administrative region’s role as a business service hub for trade and economic relations between China and Portuguese-speaking countries.
The idea of opening a stock market in Macau goes back to the late 1980s when the city’s was still under Portuguese administration. Currently, there are four stocks markets in China – Hong Kong, Shanghai, Shenzhen, and Taipei.(Macaunews)