According to the statistics released today by the Monetary Authority of Macao, on 30 June 2020, investment of Macao residents (including individuals, the government and other legal entities but excluding Macao’s foreign exchange reserves) in securities issued by unrelated non-residents reached MOP964.2 billion at current market value, representing a rise of 4.6% from end-2019 or 19.3% from end-June 2019. Among the various instruments of portfolio investment, equity securities (including mutual funds and investment trust units), long-term debt securities and short-term debt securities were valued at MOP296.4 billion, MOP632.5 billion and MOP35.3 billion respectively. As compared with end-2019, long-term debt securities rose by 8.6%, whereas equity securities and short-term debt securities dropped by 1.1% and 10.4% respectively.
By geographical distribution, the Asian region continued to occupy the largest share of Macao residents’ external portfolio investment, at 57.7%. The rest was mainly placed in the North Atlantic and Caribbean (18.9%), Europe (10.5%), North America (9.8%) and Oceania (1.9%).
Investment in securities issued by Mainland Chinese entities, including those securities listed on non-Mainland exchanges, continued to assume the leading position, occupying 36.8% of local residents’ portfolio investment outside Macao. Its market value decreased by 1.7% from end-2019 to MOP354.4 billion. The investment consisted of MOP115.0 billion in equity securities, MOP220.6 billion in long-term debt securities and MOP18.8 billion in short-term debt securities, taking up 38.8%, 34.9% and 53.3% of the respective total. Meanwhile, the share of investment in securities issued by Hong Kong SAR entities rose from 12.8% to 15.1%; the corresponding market value grew by 23.5% to MOP145.7 billion, of which equity securities and long-term debt securities amounted to MOP56.7 billion and MOP76.6 billion respectively.
Macao residents’ portfolio investment in the North Atlantic and Caribbean continued to increase. The market value of investment in this region rose by 4.5% from end-2019 to MOP181.8 billion, whereas its share in the total investment abroad stayed at 18.9%; the market value of portfolio investment in the Cayman Islands grew by 11.0% to MOP89.9 billion.
Investment in European securities dropped by 0.1 percentage point to 10.5% in share but increased by 3.6% to MOP101.3 billion in market value from end-2019. Among the European countries, the portfolio investment in the United Kingdom, Luxembourg and Ireland took up larger portions, valued at MOP27.3 billion, MOP17.5 billion and MOP14.1 billion respectively.
The bulk of investment in North America was placed in the United States. The market value of Macao residents’ investment in US securities increased by 3.4% from end-2019 to MOP84.4 billion but its share in the total portfolio investment abroad dropped from 8.9% to 8.7%.
The market value of Macao residents’ investment in countries along the “Belt and Road” excluding China fell by 3.3% from end-2019 to MOP67.9 billion, equivalent to 7.0% of the total portfolio investment abroad. Meanwhile, the market value of portfolio investment in Portuguese-speaking countries was MOP440.2 million, which was placed in securities issued by entities in Portugal and Brazil.
The compilation of Coordinated Portfolio Investment Survey (CPIS), jointly conducted by the Monetary Authority of Macao (AMCM) and the Statistics and Census Service (DSEC), follows the methodology advocated by the International Monetary Fund.
