Macau’s bond exchange announced on Wednesday that it had already become a member of the International Securities Services Association after its membership application was approved.
The announcement was made by Chongwa (Macao) Financial Asset Exchange Co., Ltd., or generally known as MOX, a financial institution founded by state-owned Nam Kwong (Group) Company.
“Joining the ISSA is an important initiative for the MOX to support the reach of the influence of Macau’s bond market worldwide,” said MOX. “The aim is to promote exchanges and interaction between Macau and organisations participating in the international securities market.”
The International Securities Services Association, or the ISSA, was established in Switzerland in 1979, with the objective of supporting the development of the securities industry worldwide.
Its members include international central securities depositories, clearing organisations, and major custodian banks.
According to MOX, bonds issued and listed on its market has exceeded MOP470 billion (US$58 billion) in total to date. Moreover, since January 2023, the number of bond listings on MOX since January 2023 has already surpassed the total number of listings for the entire year of 2022.
