BIS Review 164/2010  1  Apart from central bankers of Portuguese speaking countries, commercial attachés of the Peoples Republic of China in Portuguese speaking countries were also invited. The move has injected booster in prompting economic, trade and financial cooperation between China and Lusophone countries. Economy and finance interact and integrate and have in fact become one entity.
All along, the Mainland and Portuguese capital banks have accounted for the lion’s share in the Macao market. As regards cooperation in the financial field, some China capital banks have already concluded business cooperation agreements with financial institutions of Lusophone countries. For example, Bank of China Macao Branch has concluded memorandum of intent on remittance with Development Bank of Angola and Mozambique International Bank.