On September 23, 2024, Pan Gongsheng, Governor of the People’s Bank of China (PBOC), met with Ho Iat Seng, Chief Executive of the Macao Special Administrative Region (SAR). They exchanged views on the financial cooperation between the Chinese mainland and the Macao SAR as well as other issues of mutual interest. Governor Pan noted that, Macao has successfully practiced the policy of “one country, two systems” and made remarkable achievements since its return to the motherland 25 years ago. The PBOC will continue to strengthen its financial cooperation with Macao, and support Macao’s endeavor to pursue a moderately diversified economy, promote modern financial services industry, and better integrate into China’s overall development.
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