MACAO, May 18 (Xinhua) – The proportion of international companies in Macau’s local banking sector rose in the first quarter of 2021, the monetary watchdog of the Special Administrative Region (SAR) said on Tuesday.
According to statistics released by the Macao Monetary Authority, the proportion of international assets in total banking assets increased to 85.5% at the end of March 2021, from 85.1% at the end of December of 2020, while the share of international liabilities in total bank liabilities rose from 82.3% to 82.6%.
Non-local currencies continued to be the dominant denomination in international banking transactions. At the end of March 2021, both potato shares in total international assets and total international liabilities were 0.6 percent.
The Hong Kong dollar, the US dollar, the renminbi and other currencies accounted for 33.2 percent, 44.7 percent, 16.8 percent and 4.7 percent of total assets. respectively, while their respective holdings in total international liabilities were 40.7 per cent, 40.8 per cent and 13.8 per cent. and 4.1 percent.
At the end of March 2021, total international assets increased 5.9 percent from a quarter ago and 10.0 percent from the previous year to 2.001 billion potatoes (about $ 249.9 billion USA).
Total international liabilities rose 5.7% from three months ago and 10.1% year-on-year to 1,932.3 billion potatoes (about $ 241.3 billion).
Most external assets and liabilities were related to Asia and Europe. At the end of March 2021, claims in mainland Hong Kong and the SAR accounted for 42.8 and 26.6 percent of total external assets, respectively, while claims in Portugal and Germany accounted for 1.0 and 0.9 percent, respectively.
In terms of external liabilities, Hong Kong and mainland SAR accounted for 39.5 and 32.8 per cent of the total, respectively, while Britain and France accounted for 5.3 and 4.7 per cent. percent, respectively.