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Hong Kong and Macao renew co-operation efforts

De facto central banks say move will assist territories’ joint development alongside Guangdong province

Macao city skyline
Stefan Magdalinski

The de facto central banks of Hong Kong and Macao have renewed a co-operation agreement that they say will assist in the development of the two territories and the mainland Chinese province of Guangdong.

In a joint statement on March 3, the Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao said the agreement would build on the existing close co-operation between the two institutions. They added that the updated agreement would expand the scope of collaboration to include

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