Modern Financial Services Industry

The financial industry in Macao has stable assets, robust capital adequacy ratio, sufficient liquidity and good profitability, and an increasingly high degree of internationalisation.
Macao has been promoting the development of the financial industry with an emphasis attached to the development of 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, Macao is committed to establishing itself as the Financial Service Platform between China and Portuguese-speaking countries and contributing to the “Belt and Road” construction.
As stipulated in the Legal Regime for Monetary Issuance which will take effect as of 1 September 2023, the legal tender of the Macao SAR consists of paper money, coin and digital currency. The legal regime of digital currency is subject to specific regulations and rules, which provide legal foundation for digital currency.
Macao has kept on advancing the research and development of the “e-MOP”. It is planned to complete the construction of the e-MOP core system by the end of 2025, and to conduct sandbox testing in stages to orderly expand the application scenarios of the e-MOP in cross-border trade, public services and other scenarios.

Banking

As of the end of March 2025, the banking sector’s total current assets stood at MOP 2,429.1 billion, the capital adequacy ratio was 15.55%, and the non-performing loan rate was 5.5%.

Insurance

As of the end of the first quarter of 2025, the total assets of the insurance industry were MOP 272.84 billion. The gross premiums were MOP 11.16 billion, recording a profit of MOP 2.11 billion. The solvency reserve ratio of life insurance companies was 475.8%, while that of general insurance companies was 519.3%. The new Insurance Intermediary Activities Ordinance will come into effect on 1 August 2025.

Bond Market

Chongwa (Macao) Financial Asset Exchange Co. Ltd. (MOX) was established in October 2018. By May 2025, over MOP 938.94 billion of various bonds, including national bonds, financial bonds, corporate bonds and green bonds, had been listed. The bonds had covered a range of currencies, such as Renminbi, US dollars and Hong Kong dollars.
In October 2024, the Ministry of Finance of the People’s Republic of China issued 5 billion RMB sovereign bonds in Macao for the fourth time after the previous issuances in 2019, 2022 and 2023. The Ministry of Finance’s bond issuance in Macao will accelerate the integration of Macao’s bond market with the international community, promote the gradual improvement of Macao’s bond market infrastructure, and further consolidate the collaboration between the mainland and Macao in the financial field.

Wealth Management

As of the end of 2023, there were over 510,000 wealth management clients in Macao, with an investment portfolio of MOP 224.2 billion in market value.
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 Monetary Authority of Macao published the revised “Implementation Arrangements for the Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area” in January 2024,which further optimised the pilot service of the “Cross-boundary Wealth Management Connect Scheme”.Law No. 15/2022 “Trust Law” came into force on 1 December 2022, helping financial institutions to provide investment and wealth management products in the form of trust.
In order to enrich the wealth management business, the Monetary Authority of Macao issued the Guidelines for Management and Operation of Private Equity Investment Funds in January 2022. In April 2024, the first company recommended by the Co-operation Zone was approved to be engaged in private equity fund management in Macao. In addition, Macao is conducting the legislation of the Investment Fund Law and the Securities Law.

List of financial institutions in Macao, please visit here

.first {order:-1;} #ind {display:flex;} @media (min-width:768px){ .industry {flex:0 0 33.3%} } #inc>div {display:flex; flex-wrap:nowrap; overflow:auto } .incentive{flex:0 0 33%;} @media (max-width:767px){ .incentive{flex:0 0 100%;} #shortcut h1{font-size:14px;} } .listable{border:1px solid black; border-radius:10px; padding:10px;margin:20px 35px; width:400px;}