On September 18, AMAF (Monegasque Association of Financial Activities) hosted a delegation of bankers from Macau, headed by their Chairman Mr Ip Sio Kai (besides Deputy General Manager of the Macau branch of the China Bank) and Mr Anselmo Teng, Chairman of the Monetary Authorities. These high-level representatives wanted to present this market specialized in international trade finance, which is according to them an alternative solution to Hong Kong for business development in China. Macau has 29 banks for a total of $ 111.5 billion in deposits and $ 95.3 billion of credit. It was also an opportunity to strengthen ties between the two banking spaces of Macau and Monaco.The Monegasque financial center was presented to them by MM. Ordioni, President of the Commission for Promotion of Financial Place and Dastakian, Secretary General of the AMAF, with Ms Fabbretti, Head of the Budget and Treasury Department of Monaco.
