Macao's banking system is stable and liquid

2023-03-15

The Macao Monetary Authority said on the 14th that it was concerned about the actions of overseas regulators to take over individual banks and the chain reaction caused. At present, Bank of Macau has no risk exposure related to Silicon Valley Bank and Signature Bank, and the takeover action will not affect the stability of Macao's banking system. The Macao Monetary Authority pointed out that at present, Macao's banking system has sufficient liquidity and is resilient enough to deal with sudden risks. The HKMA will continue to follow up the changes in the global financial market and carefully monitor any potential impact on the asset quality of banks in Macao. (Xinhua News Agency)

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