He hoped that Macao would perform “core function” in promoting RMB trade settlement in the process, which would further embody Macao’s position as platform for economic cooperation between China and Lusophone countries. In fact, Macao is also in a good position to extend this platform function to countries in Latin America.
•  Recently, there is an increasing rise in economic activities between China and Lusophone countries. Trade volume with the 8 Lusophone countries amounted to USD128.8 billion in 2012, which was a 10.1% increase year-on-year. There is a great demand in the market for related financial services. Macao can fully embody its platform function by providing solid financial support services for trade.