The Hong Kong Monetary Authority signed a revised memorandum of understanding to further strengthen cooperation.

Representatives from the Hong Kong Monetary Authority and the Monetary Authority of Macau held a meeting today to discuss further strengthening multidimensional cooperation in the financial sector between the two regions. During the meeting, they jointly signed a revised Memorandum of Understanding. The Hong Kong and Macau monetary authorities have maintained close cooperation in banking supervision for many years. The revision of the Memorandum of Understanding mainly focuses on adding new chapters on financial infrastructure cooperation, information exchange on currency and data statistics, industry training and exchange between the two regions, to further enrich the scope of the memorandum.