Industrial Securities explores business cooperation in Macao

Industrial Securities visits business partners in Macao. [Photo/chinadaily.com.cn]

Financial group Industrial Securities and Chongwa (Macao) Financial Asset Exchange Co Ltd (MOX) had at a meeting in Macao on Aug 4.

During the meeting, the two sides discussed the current development of Macao's capital market, market dynamics, and business development opportunities.

Zhang Weichun, chairman and president of the MOX Executive Committee, said that MOX hopes to cooperate with Industrial Securities in fields such as bonds, REITs, ABS, and ETF.

Yang Huahui, chairman of Industrial Securities, spoke about the cooperation the company has had with MOX since the two sides signed a strategic cooperation agreement in November 2021. He also pledged to increase investment in Macao and strengthen business cooperation.

Yang then met with Huang Laizhi, chairman of Macao-based Luso International Banking, and the two reviewed previous cooperation accomplishments and future cooperation opportunities. Both companies have achieved fruitful results in many business fields such as investment banking, asset management and institutional business together, said Yang.

Yang also highlighted the importance of promoting the development of the Guangdong-Hong Kong-Macao Greater Bay Area. He added that Industrial Securities and its subsidiaries will leverage their resources and cooperate with Luso International Banking to explore the regional market.