What is the MTS system closely related to the Macau financial market?
In order to maintain the stability of Macau's currency and financial system and meet the related business of issuing Macau dollar financial bills, the first phase of the Monetary Bills and Notes Trading System (MTS) was officially launched on December 11th and successfully connected to 34 financial institutions.
Starting from March 2023, Yanlian Computing, a subsidiary of Yinyan Technology Service Group, participated in the construction of the project. With more than 20 years of rich industry experience in the field of financial technology, it assisted relevant departments in Macau in planning automated trading methods and clearing processes in the system, helping the Macau Monetary Authority build a new MTS system, strengthening local capital flow, and promoting the efficient use of diversified currency market tools among peers, providing services and products that meet the needs of the Macau financial market, providing guarantees for the stable development of the Macau bill market.
After the MTS system is launched, the Macau Monetary Authority can use various tools to operate the Macau dollar currency market on each trading day, including issuing Macau dollar financial notes to local licensed financial institutions, providing daily and overnight financial note repurchases, foreign exchange trading, swap trading, and bond repurchases. Financial institutions can use the above fund management tools to deploy their fund allocation and flexibly manage their Macau dollar working capital.
At the same time, the system has expanded more transaction types, optimized the current second-hand market transaction process, and introduced automated transaction methods and clearing processes to activate the second-hand financial bill market, strengthen local fund circulation, provide a safe and convenient trading platform for financial bill business, improve business processing efficiency, and lay a solid foundation for the future development of financial bill business.
In the future, Yinyan Technology will deepen cooperation with relevant departments in Macau, gradually expand more functions of the MTS system according to market demand, and help Macau continuously optimize its liquidity management tools for the Macau dollar. We will further promote and improve the construction of the financial system in the Guangdong Hong Kong Macao Greater Bay Area through mature, stable, compliant products and professional delivery teams.