Financial intermediaries are professionals who deal directly with clients and advise them on savings plans, investments or insurance protection. These individuals play a crucial role when it comes to choosing financial products. However, the regime regulating such individuals in Macau is much less stringent than the corresponding regimes in Hong Kong and Singapore, leading some to question whether the rules should be tightened for the benefit of consumers.
The Mainland/Macau Closer Economic Partnership Arrangement (CEPA) aims to promote preferential access to the Chinese market for qualifying products, companies and residents of Macau. Supplement IX to the CEPA revised previous measures regarding the trade and investment facilitation sector in order to strengthen this area. The supplement takes measures to improve access to the banking and financial sectors.