ZCZC
BCN-28
MACAO-FINANCIAL-NON-RESEERVE
Macao’s net financial non-reserve assets records 13.8 bln USD outflow in
2017
MACAO, Aug. 24, 2018 (BSS/Xinhua) – Macao’s net financial non-reserve
assets registered a net outflow of 111.5 billion patacas (about 13.8 billion
U.S. dollars) in 2017, representing an increase of 11.2 billion patacas
(about 1.4 billion U.S. dollars) compared to 2016, the special administrative
region (SAR)’s monetary watchdog said on Friday.
The Monetary Authority of Macao said in its latest report that a net
outflow of 18.7 billion patacas direct investment (about 2.3 billion U.S.
dollars) was recorded in 2017, contrary to a net inflow of 10.5 billion
patacas (about 1.3 billion U.S. dollars) in 2016, mainly as direct investment
liabilities decreased markedly.
Due to the significant increase in external securities investment held by
Macao residents, including SAR fiscal reserve and financial institutions, the
net outflow of portfolio investment rose notably from 24.4 billion patacas
(about 3 billion U.S. dollars) in 2016 to 81 billion patacas (about 10
billion U.S. dollars) in 2017.
Meanwhile, local banks’ external liabilities registered considerable
increases during 2017. The net outflow of other investment thus dropped from
83.7 billion patacas (about 10.4 billion U.S. dollars) in 2016 to 14.4
billion patacas (about 1.8 billion U.S. dollars) in 2017.
The report added that reserve assets after price, exchange rate and other
adjustments, rose by 1.6 billion patacas (about 198.6 million U.S. dollars)
in 2017 as compared to an increase of 3.5 billion patacas (about 434.4
million U.S. dollars) in 2016, reflecting that the overall balance of
payments stayed in surplus.
BSS/XINHUA/HR/1110