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Title: |
A Study on the Macao Pataca (MOP) and Financial System Innovation in Macau |
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Source: |
International Conference on Engineering and Business Management 2012(Part 4 Urban Management and Financial Investment)
(pp 3062-3065)
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Author(s): |
Sen Wang, School of International Business, Jinan University, Zhuhai, China, 519070 |
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Abstract: |
Macau is an important component of Chinese characteristics. How to implement the Guangdong- Mocao cooperative frame agreement is a big things of China's overall economic development. The author puts forward the ways of Macao Pataca (MOP) and its financial institute transformation, and MOP, RMB, and HK dollars mutual echo. One is that MOP and RMB hook each another, the other is to establish the offshore money market in Macao. The study has the significant practical significance.
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