Photo of the participants of the meeting
Financial security is the foundation for steady social and economic development and the upholding of financial security is elevated to the level of national governance. As the financial regulator of the Macao SAR, the Monetary Authority of Macao (AMCM), under the leadership of the SAR Government, has remained steadfast in its commitment to financial security and financial stability.
For the purpose of reinforcing the ability to prevent and counter risks, including those associated with the integration of finance and technology, and thereby maintaining and promoting financial security and stability, which include the effective implementation of the tasks against money laundering and the financing of terrorism, the AMCM organized the "Meeting on the Study and Application of Financial Supervision" on 26 May 2017.
Deputy Director-General of the International Department of the People's Bank of China (PBOC), Mr. Zhang Zhengxin; Director-General of the Financial Stability Division of the PBOC Shanghai Head Office, Mr. Du Yaozhong; Head (Information Technology) of the Corporate Services Department of the Hong Kong Monetary Authority, Mr. Tan Yong Wah; as well as the representatives of the AMCM, attended the meeting. In particular, the Deputy Governor of PBOC, Mr. Yi Gang, addressed a statement to the meeting and affirmed the relevant cooperation mechanism between the AMCM and the PBOC. Besides, Deputy Governor Yi Gang also provided valuable suggestions on collaborating the promotion of Macao's financial development and stability.
All parties in the meeting welcomed the establishment of the "Financial Security Expert Alliance", which will invite experts to participate, and make good use of Macao's unique environment to accumulate practical experiences in regard to the aspects financial security. The Alliance effectively maintains and continuously promotes the security and stability of financial markets through relevant regulatory arrangements, including the application of technology and organising forums etc., and their implementation, and thereby contributes towards national financial security and stability by playing pilot role. All parties of the meeting reached consensus and agreed to publish the above information.