Henrietta Lau, Executive Director of the Board of Directors at the Monetary Authority of Macao, recently discussed the pivotal role of financial innovation in the region. Speaking with CGTN, Lau emphasized how the regulator is championing advancements like mobile payments to benefit both retail merchants and tourists in Macao.
“Our goal is to enhance the financial ecosystem by integrating innovative technologies,” Lau explained. “By promoting mobile payment solutions, we aim to provide convenient services that cater to the needs of our local businesses and the influx of visitors.”
Lau also highlighted Macao’s strategic plans to deepen financial collaboration with the Chinese mainland. She noted that strengthening these ties is essential for fostering economic growth and ensuring seamless financial operations between Macao and the Chinese mainland.
“Collaboration with the Chinese mainland opens up vast opportunities,” she said. “By aligning our financial policies and technologies, we can create a more interconnected and efficient marketplace.”
The initiatives spearheaded by the Monetary Authority of Macao reflect the region’s commitment to embracing innovation and fostering partnerships within the Greater Bay Area. As Macao continues to evolve as a financial hub, such efforts are poised to enhance its competitiveness on the global stage.
Reference(s):
Macao financial regulator focuses on innovation and GBA collaboration
cgtn.com
