The Macau bond market: The need for a comprehensive securities law

Tam Chi Neng
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Tam Chi Neng: Office of the Secretary for Economy and Finance, China

Journal of Securities Operations & Custody, 2025, vol. 17, issue 3, 282-294

Abstract: This paper examines Macau’s bond market development as a strategy for economic diversification, highlighting the need for a comprehensive securities law (Lei dos Valores mobiliários [LVM]). Recent progress includes the establishment of the China (Macau) Financial Assets Exchange Co. Ltd (MOX) and the Macao Central Securities Depository and Clearing (MCSD), which have improved market infrastructure and transparency. The current fragmented regulatory framework, however, requires the LVM to streamline oversight and enhance investor confidence. The LVM is crucial for fostering a liquid secondary market and positioning Macau as a competitive financial hub. This article is also included in The Business & Management Collection which can be accessed at https://hstalks.com/business/.

Keywords: Macau; bond market; securities law; economic diversification and financial infrastructure (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2025
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