Finally, further debt issuance at EU level could be mobilised when warranted by external shocks. Conclusion Let me conclude. To pursue our common interests, we need common investments. Investing together will cement our unity. This is because investing in Europe’s future defines the Europe we want to see. We have inherited a great legacy from European history. But tomorrow’s Europe is our own responsibility.
The financial sector of Macao contributes about 10% to GDP. The sector is dominated by banks and insurance companies. At the moment, there are 27 banks operating in Macao of which 3 are operating under offshore regime. Apart from local participants, you will find capitals provided by investors from China, Hong Kong, Portugal, the US, the UK, France, Singapore and Chinese Taiwan.