Even though current international financial troubles indicate that there are risks from the free flow of capital, the benefits are substantial and contribute importantly to rising standards of living. As you know, an individual country’s pool of savings does not always equal its pool of investment opportunities.
At the moment, the division of labour between the two financial centres, Shanghai and Hong Kong, is clear cut; Shanghai is the “onshore” RMB centre while Hong Kong is the leading “offshore” centre. It is envisaged that Macao can strengthen its cooperation with Shanghai and Hong Kong, exploring the opportunity arising from the orderly financial reform in the Mainland.