Notwithstanding this turnaround, the path ahead is expected to be bumpy and there are some major cross-currents in the labour market at the moment. On the positive side of the ledger, many firms that were heavily affected by the shutdowns are now rehiring and lifting hours as the restrictions are eased in most of the country.
These initiatives serve to enhance communications and realise financial cooperation in a gradual fashion. Meanwhile, in accordance with the “Memorandum of Understanding (MOU) on Financial Cooperation between Shanghai and Macao” signed between the AMCM and the Financial Services Office of the Municipal Government of Shanghai in 2012, the “1st Financial Cooperation Meeting between Shanghai and Macao” took place in Shanghai in 2013.