Macau financial reserves reached over US$72 billion in 2019

The Macau Monetary Authority said its financial reserves rose 13.9 percent in 2019, helped by a significant recovery in world equity markets.

The fund said it had MOP579.4 billion ($72.5 billion) at the end of the year, representing basic reserves of MOP148.9 billion and an extraordinary reserve of MOP430.5 billion.

Investment income was MOP30.2 billion, up 5.6 percent, and the highest level since the reserve was created in 2012.

The authority sees significant challenges for 2020 given the impact of the coronavirus on equity markets and the low, or negative interest rate environment prevailing in the money markets.