Brazil: Macau open to Brazilian companies, says president of Monetary Authority

2 June 2008

Sao Paulo, Brazil, 2 June – Macau’s doors are open to Brazilian companies interested in using the region as a platform to invest in China, the president of the Macau Monetary Authority said in Sao Paulo Friday.

During a meeting with Brazilian businesspeople, Anselmo Teng noted that Macau was a “bridge to link” China and Portuguese-speaking countries.

Teng, who has been in Brazil for almost 10 days, is heading up a delegation of 23 executives from the Macau financial sector.

The schedule of the delegation included visits to the states of Goiás, Sao Paulo and Rio de Janeiro.

Teng noted that Macau had posted, “”the biggest economic growth rate in Asia,” without any limit on foreign investment.

The president of the monetary authority said that the Macau Government was focused on “diversification” of the local economy, beyond the services and tourism sectors.

In the state of Goiás, the Macau delegation met with the local authorities and entities representing agricultural producers, the region’s main economic activity.

In Sao Paulo the delegation met with businesspeople and the board of the Brazilian Banking Federation (Febraban). (macauhub)