The central bank signed a standing swap agreement with the Monetary Authority of Macau and expanded the scale.

Jichu Finance APP learned that, with the approval of the State Council, the People's Bank of China and the Monetary Authority of Macau have recently renewed their bilateral currency swap agreement and upgraded it to a standing swap arrangement, which is long-term effective. The swap size has been increased from the original 30 billion RMB/34 billion Macau patacas to 50 billion RMB/57 billion Macau patacas, in order to further maintain financial stability in both places, better support bilateral trade and promote the stable development of the offshore RMB market in Macau.