Core Viewpoint - The Macau financial sector is experiencing significant growth and diversification, with an increase in the number of licensed financial institutions and advancements in the bond market, fund regulations, and financial infrastructure, which are expected to inject new momentum into the modern financial industry [1][2][3][4][5]. Group 1: Financial Institutions and Market Diversification - As of October 2025, the number of licensed financial institutions in Macau continues to rise, including financing leasing companies, investment fund management companies, and investment banks, leading to a more diversified financial business landscape [1]. - The bond market has seen a surge in issuance, with over 1,000 bonds issued or listed in Macau, amounting to more than 1 trillion MOP equivalent, and a significant increase in investor participation due to the establishment of direct connectivity with Hong Kong's debt settlement system [2]. Group 2: Fund Regulations and Wealth Management - The revised Investment Fund Law, effective from 2026, aims to align with international regulatory standards, enhance investor protection, and diversify investment tools, with three investment fund management companies already licensed in Macau [3]. - The establishment of the first public fund and two private funds indicates progress in the wealth management sector, with ongoing efforts to refine the regulatory framework to foster growth [3]. Group 3: Financial Infrastructure and Digital Initiatives - The upgrade of the instant payment settlement system for multiple currencies has improved transaction efficiency, while the "digital Macau dollar" project is advancing with core system development and small-scale testing [4]. - Macau's financial authority is actively enhancing its role as a financial platform between China and Portuguese-speaking countries, with various training and cooperation initiatives underway to strengthen bilateral financial regulatory collaboration [4]. Group 4: Future Outlook - Industry experts anticipate that Macau's financial sector will continue to align with national strategies, optimize market conditions, and drive business innovation, contributing to the moderate diversification of the economy [5].