Skip navigation

The Monetary Authority of Macao Attended as Invited An International Symposium Organized by the Bank of Mozambique


Following the visit of the Macao Financial Sector delegation organized by the Monetary Authority of Macao (“AMCM”) to Maputo three years ago, and since the conclusion of a Memorandum of Understanding with the Bank of Mozambique, Anselmo Teng, Chairman of Board of Directors of AMCM and Wilson Vong, Deputy Director of AMCM Banking Supervision Department, were invited to participate in an international symposium organized by the Bank of Mozambique in Maputo, to celebrate its 35th Anniversary on 17 May 2010. The seminar was attended by more than 700 delegates from financial regulatory authorities of Portugal, Portuguese speaking countries and African nations; and from financial institutions of Mozambique. The Governor of Bank of Mozambique, Principal Advisor of IMF African Department, Secretary General of the South African Development Community, Governor of the South African Reserve Bank, Vice-Governor of the Bank of Portugal, Chairman of AMCM, Deputy Governor of Central Bank of Brazil and Minister of Finance of Mozambique made theme speeches surrounding the impact of financial tsunami on Africa, South America, Europe and Asia and the lesson derived therefrom. The attendees discussed with one another proactively on this topic. Chairman Teng delivered his theme speech entitled “International Financial Crisis, Impact on Asia and Lesson for Macao”. The speech introduced the latest economic development of Asia and the Mainland of China, summarized the economic and financial situation of Macao before and after the crisis and the prospect, elucidated the lesson learned by Macao and the global village, which included strengthening of macroprudential supervision, regulation of long term risk capital requirements, aversion of regulatory arbitrage, supervision of financial derivatives and credit rating agencies. Simultaneously, Mr. Teng emphasized the traditional linkage between Macao and Portuguese speaking countries, which embodied the fulfilment of the function of Macao as the economic and commercial liaison platform between China and Portuguese speaking countries. Through participation in this seminar, communication between AMCM and financial regulatory authorities of Portuguese speaking countries has been enhanced. There is also an increased understanding of the most up-to-date financial strategies adopted by Portugal, Brazil and African nations in response to the financial tsunami.



All information on this site is based on the official language of the Macao Special Administrative Region. The English version is the translation from the Chinese originals and is provided for reference only. If you find that some of the contents do not have an English version, please refer to the Traditional Chinese or Portuguese versions.