But by and large, secure property rights are almost universally accepted by Americans as a critical pillar of our economy. While the right of property in the abstract is generally uncontested in all societies embracing democratic market capitalism, different degrees of property protection do apparently foster different economic incentives and outcomes.
Under the principle of “One country, two systems”, “Macao people ruling Macao” and “High degree of autonomy”, Macao’s economy has grown by leaps and bounds. The financial sector has burgeoned in tandem with the spectacular performance of the overall economy. We have witnessed a surge in deposits, assets and profits in our financial sector.