According to the Outline Development Plan for the Guangdong-Hong Kong-Macau Greater Bay Area issued by the CPC Central Committee and the State Council of China in February 2019, development of the financial industry in Macau is clarified to support the city in realising a complementary development with nearby regions through establishment of the Macau Stock Exchange denominated and cleared in RMB, in a bid to serve the overall development strategy of China.
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