Macao Central Securities Depository and Clearing Limited (MCSD) hosted its fourth anniversary and award ceremony at the Macau Science Centre (MSC) in Nape yesterday, during which Macau Monetary Authority (AMCM) Acting President Vong Sin Man revealed that Macau’s debt securities custody* surpasses 110 billion patacas.
MCSD is a company fully owned by AMCM, it provides securities registration, clearing, settlement depository and other related services.
Vong said in a speech that in order to promote Macau’s appropriate economic diversification, the local government has been consistently nurturing the debt securities market and enhancing its supporting infrastructure and legal frameworks.
As the core infrastructure operator in the market, MCSD has seen the scale of various debt securities under its custody exceed 110 billion patacas equivalent, he said.
Vong also said that a key highlight of last year’s market was the direct linkage established between MCSD and the Hong Kong Central Moneymarkets Unit (CMU), thanks to which significant results have been achieved.
He also said that by the end of last year, the settlement of bilateral linkage transactions reached the equivalent to10 billion patacas, completing over 140 transactions. Last year, around 50 percent of the investment subscriptions for debt securities issued by the Ministry of Finance in Beijing and the local governments of different regions in the Chinese mainland came from CMU members conducting transactions through this linkage, Vong said.
CMU OmniClear Limited Business Development & Operations Head Raymond Ng (吳偉) said in a speech that since the direct linkage between MCSD and CMU was established, market participation and activity on both sides have significantly increased, with a notable growth in custody and settlement volumes. The collaboration has yielded positive results, effectively promoting the connectivity of financial infrastructure between Hong Kong and Macau and deepening the integration of their debt securities markets, Ng said.
Ng expressed confidence that the interconnection and cooperation between the Hong Kong and Macau markets will continue to drive the prosperity of the financial markets in the Greater Bay Area (GBA) in particular and across Asia in general, further strengthening the competitive advantages of Hong Kong and Macau as international financial hubs.
8 awards
According to a statement released during the ceremony, in order to recognise market participants who made significant contributions to the Macau bond market in 2025, MCSD presented eight awards during the event. Awards comprising Outstanding Underwriting Institution, Outstanding Issuing Institution, Outstanding Professional Service Institution, Exceptional Market Partner, Outstanding Market Promotion Institution, Leading Cooperation Partner, Excellence in Market Contribution Award and Outstanding Secondary Market Trading Institution. A total of 29 local and international institutions received these awards, the statement noted.
*The term “debt security custody” refers to the safekeeping and management of debt securities (like bonds or notes) by a financial institution or custodian. This process typically involves holding the physical or electronic certificates, managing transactions, and handling related administrative tasks. Debt securities are financial instruments that represent a loan made by an investor to a borrower, typically a corporation or government. They include bonds, notes, and debentures, and involve the borrower’s promise to pay back the principal amount along with interest over a specified period. – Poe
Macau Monetary Authority (AMCM) Acting President Vong Sin Man addresses yesterday’s event at the Macau Science Centre (MSC) in Nape. – Photo: Armindo Neves
