Mainland China and Hong Kong represented some 70 pct of banking sector external assets and liabilities

Claims on external assets and liabilities of the local banking sector in Mainland China and Hong Kong represented 43.4 per cent and 28.1 per cent of total external assets, the Monetary Authority of Macao indicated (AMCM).

At end-September 2021, total international assets increased by 13.7 per cent from a year earlier to MOP2,157.9 billion (US$269.1 billion), with external assets going up by 15.9 per cent year-on-year to MOP1,639.3 billion while local assets in foreign currencies increased by 7.3 per cent to MOP518.6 billion.

The majority of external assets and liabilities were related to Asia and Europe, with Mainland China and Hong Kong also accounting for 39.8 per cent and 36 per cent of the total liabilities

Portuguese-speaking countries represented only 1.3 per cent of the total, while countries along the One Belt, One Road initiative represented 8 per cent.

International assets and international liabilities represented 85.9 per cent and 83.8 per cent of total banking assets.

The pataca only represented 0.6 per cent and 0.7 per cent, respectively, in total international assets and total international liabilities, while the US dollar occupied 44.8 per cent and 42.2 per cent.