Central banks, regulatory authorities to meet in conference

Central banks, regulatory authorities to meet in conference

Central banks and regulatory authorities of Portuguese-speaking countries are set to meet on Monday, on the eve of the 20th anniversary of the Monetary Authority for a conference themed on “Establishing a Platform for Financial Cooperation and Promotion of Economic and Commercial Development.”

“It is hoped that a financial cooperation mechanism can be established subsequently whereby economic and trade cooperation between China and Portuguese speaking countries can be further enhanced,” a statement released yesterday by the Monetary Authority said, adding that “the move will certainly underline the function of the government as the service platform for liaison between China and Portuguese speaking territories.”

At the conference, representatives from central banks and financial institutions of Portuguese-speaking countries in four continents will make their addresses surrounding the main theme.

So far confirmation has been received from representatives of Portugal, Angola, Brazil, Cape Verde, Guinea-Bissau, Mozambique, São Tomé and Príncipe and Timor-Leste.

“To reinforce the effectiveness of this conference, AMCM has specially invited the Commercial Attachés of Chinese Embassies in the aforementioned countries to participate in the conference, whose presence will certainly of great help in our subsequent follow-up action in this respect,” the statement added.

Through the conference, the Monetary Authority said it hoped that a financial cooperation mechanism between China and Portuguese speaking countries can be set up at an earlier date whereby economic and trade relationship can be further strengthened.

Friday, 03 April 2009
Macau Daily Times