Financial Sector

Macao has been promoting the development of the financial sector with an emphasis attached to the development of the bond market, wealth management, financial leasing and cross-border financial business. While striving to become engaged in and serve the Guangdong-Hong Kong-Macao Greater Bay Area, the city is committed to establishing itself as the “Financial Service Platform between China and PSCs” and contributing to the construction of the “Belt and Road”.


  • As of the end of 2020, there were 31 banks in Macao; the assets of the banking industry totalled over MOP2.2 trillion with a capital adequacy ratio of 14.6% and a non-performing loan ratio of 0.4%.


Insurance Industry

  • As of the end of 2020, there were 25 insurance companies in Macao; assets of the insurance industry totalled MOP183.5 billion with an insurance penetration rate of 14.9%.


Bond Market

  • Chongwa (Macao) Financial Asset Exchange Co. Ltd. (MOX) was established in October 2018, where over MOP150 billion of various bonds, including national bonds, financial bonds and corporate bonds, have been listed as of late April 2021. The bonds cover a range of currencies such as the Renminbi, US dollar and HK dollar.

Wealth Management

As of the end of 2019, there were over 310,000 wealth management clients in Macao with an investment portfolio market value of MOP243.6 billion. In February 2021, the “Memorandum of Understanding on the Launch of the Cross-Boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area” was signed by financial authorities of the Mainland, Macao and Hong Kong.

  • The city has been continuously improving its soft and hard financial infrastructures, including intensifying efforts on the legislation of the Trust Law, and amendment to the Financial System Act, and has sped up the construction of a Central Securities Depository System that will connect Macao with international bond markets, seeking to create a favourable environment to facilitate the bond business of domestic and overseas enterprises in Macao.

List of financial institutions in Macao, please visit here