The Macau Monetary Authority (AMCM) said in a statement on Sunday that the possible establishment of a yuan-denominated securities market in Macau “is still under study.”
Macau’s quasi-central bank also said in the statement that it had commissioned international consultancies to carry out different studies on the feasibility of such a market in Macau.
The statement did not identify the consultancies.
The statement underlined that the feasibility studies are being carried out in line with the Outline Development Plan for the Guangdong-Hong Kong-Macau Greater Bay Area (GBA).
The statement noted that the feasibility studies need to heed the principle that such a market would both maximise Macau’s advantages and meet the needs of the nation.
According to the statement, the ultimate aim of the feasibility studies is to assist the Macau government in improving the city’s financial sector.
According to the Macau Post Daily, the regulator did not say why it decided to release the statement o Sunday.