China to enhance mainland-Macao financial cooperation

0 Comment(s)Print E-mail Xinhua, December 21, 2019
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The streets of downtown Macao are lined with shops in the 1950s, but now there are high-rise buildings everywhere in the city. The once winding path is now wide and straight. [China News Service]

China's banking and insurance regulator Friday unveiled a raft of policies to increase financial cooperation between the Chinese mainland and Macao.

Macao banks are encouraged to set up branches in the mainland, and mainland insurance capital can invest in Macao, the China Banking and Insurance Regulatory Commission said in a statement.

Mainland financial lease firms will get support in expanding into Macao, the statement said.

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