Up to this moment, there are 26 authorized banking institutions, including 11 locally incorporated banks and 15 branches of banks incorporated outside Macao. Apart from local capital, the rest are from Mainland China, Hong Kong, Portugal, the United States, the United Kingdom, France, Singapore and Chinese Taiwan. The origin of capital reflects the highly open nature of this small city.
By the definition of the Bank for International Settlements, over 80% of bank assets in Macao are of international nature. It is apparent that Macao’s financial sector is firmly integrated into the global financial community.