Government continues to safeguard stability of Macao's financial system

The Secretary for Economy and Finance, Mr Francis Tam Pak Yuen, re-iterated today that the Government would safeguard the stability of Macao's financial system. He said he believed that Macao's banking and financial industry had a bright prospect, given its booms in recent years. Speaking to the press at a reception, Mr Tam said the Government is to return the management of Banco Delta Asia to the management team appointed by its shareholders tomorrow. To safeguard the stability of the overall financial system of Macao, the Government would continue to support Banco Delta Asia to uphold the interests of its depositors, he said. Taking into account the rapid growth of Macao's economy in recent years, Mr Tam said he expected that the expansion of the banking and financial industry would continue for some time.