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Monetary Authority Of Macao
The Monetary Authority of Macao (; pt, Autoridade Monetária de Macau, AMCM) is the currency board and the de facto central bank of Macau. The regulatory institution was established on December 20, 1999, upon the transfer of sovereignty over Macau from Portugal to the People's Republic of China as the Macau Special Administrative Region. History It was formerly known as the "Monetary and Foreign Exchange Authority of Macao" ( pt, Autoridade Monetaria e Cambial de Macau, AMCM), which was established on 1 July 1989. According to Decree-law No. 14/96/M of 11 March, the Monetary Authority of Macao carries the following major statutory duties: * To advise and assist the Chief Executive in formulating and applying monetary, financial, exchange rate and insurance policies; * To guide, co-ordinate and oversee the monetary, financial, foreign exchange and insurance markets, ensure their smooth operation and supervise the actions of those operating within them according to the ter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Macau
Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a population of about 680,000 and an area of , it is the most densely populated region in the world. Formerly a Portuguese colony, the territory of Portuguese Macau was first leased to Portugal as a trading post by the Ming dynasty in 1557. Portugal paid an annual rent and administered the territory under Chinese sovereignty until 1887. Portugal later gained perpetual colonial rights in the Sino-Portuguese Treaty of Peking. The colony remained under Portuguese rule until 1999, when it was transferred to China. Macau is a special administrative region of China, which maintains separate governing and economic systems from those of mainland China under the principle of " one country, two systems".. The unique blend of Portuguese and Chinese arc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consulate-General Of The Portuguese Republic In Macao
The diplomatic network of the Portuguese Republic is shaped by both its current interests in Europe and its historical linkages to its former colonies in Africa, South America, and Asia. This is reflected in its choice of cities in Asia where Portugal has opened missions – there are Portuguese missions in Dili, Macau, and Panaji. Following the restoration of diplomatic relations with Indonesia in 1999, broken after the 1975 Indonesian invasion of East Timor, there is now an embassy in Jakarta. Circa 2006, the Portuguese government announced plans to close many of its consular missions, particularly in France and the United States, where there are consulates in comparatively small cities such as New Bedford and Providence whose links to Portugal are based on receiving Luso-American immigrants in the nineteenth century. This met with opposition from many people of Portuguese origin in Massachusetts and Rhode Island, as well as Congressman Barney Frank. The former Foreign Minister ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1999 Establishments In Macau
File:1999 Events Collage.png, From left, clockwise: The funeral procession of King Hussein of Jordan in Amman; the 1999 İzmit earthquake kills over 17,000 people in Turkey; the Columbine High School massacre, one of the first major school shootings in the United States; the Year 2000 problem ("Y2K"), perceived as a major concern in the lead-up to the year 2000; the Millennium Dome opens in London; online music downloading platform Napster is launched, soon a source of online piracy; NASA loses both the Mars Climate Orbiter and the Mars Polar Lander; a destroyed T-55 tank near Prizren during the Kosovo War., 300x300px, thumb rect 0 0 200 200 Death and state funeral of King Hussein rect 200 0 400 200 1999 İzmit earthquake rect 400 0 600 200 Columbine High School massacre rect 0 200 300 400 Kosovo War rect 300 200 600 400 Year 2000 problem rect 0 400 200 600 Mars Climate Orbiter rect 200 400 400 600 Napster rect 400 400 600 600 Millennium Dome 1999 was designated as t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Regulatory Authorities
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Departments And Agencies Of Macau
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed governme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Banks
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) is Hong Kong's central bank, central banking institution. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merged. The organisation reports directly to the Financial Secretary (Hong Kong), Financial Secretary. Responsibilities The exchange fund was established and managed originally by the Currency Ordinance in 1935, now named the Exchange Fund Ordinance. Under the Ordinance, the HKMA's primary objective is to ensure the stability of the Hong Kong currency, and the banking system. It is also responsible for promoting the efficiency, integrity and development of the financial system.Noel FungGovernment power over Exchange Fund's stability role under review, The Standard (Hong Kong), The Standard, 18 November 1997 The HKMA issues Banknotes of the Hong Kong dollar, banknotes only in the denomination of ten Hong Kong dollars. The role of issuing other bankn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Macau
The economy of Macau has remained one of the most open in the world since its handover to China in 1999. Apparel exports and gambling-related tourism are mainstays of the economy. Since Macau has little arable land and few natural resources, it depends on mainland China for most of its food, fresh water, and energy imports. Japan and Hong Kong are the main suppliers of raw materials and capital goods. Although Macau was hit hard by the 1997–98 Asian financial crisis and the early 2000s recession, its economy grew approximately 13.1% annually on average between 2001 and 2006. Macau is a full Member of the World Trade Organization. Public security has greatly improved after handover to the People's Republic of China. With the tax revenue from the profitable gambling industry, the Macau government is able to introduce the social welfare program of 15 years of free education to all Macau citizens. In 2015, Macau's economy saw a sharp decrease (-26.4% year-on-year in Q2 2015) due t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anselmo Teng
Anselmo may refer to: A term from early Latin languages, from the classic Latin period, that means "welcome". It may also refer to: Places *Anselmo, Alberta, Canada *Anselmo, Nebraska, United States *San Anselmo, California, United States *Anselmostraat, a street in Antwerp, Belgium People First name *Anselmo Aieta (1896–1964), Argentinian bandoneon musician, composer and actor *Anselmo Alliegro y Milá (1899–1961), Cuban politician who served as Acting President of Cuba for one day (January 1–2, 1959) *Anselmo da Baggio (died 1073), Pope Alexander II *Anselmo de la Cruz (1777–1833), Chilean political figure *Anselmo de Moraes (born 1989), Brazilian football player known by mononym Anselmo * Anselmo della Pusterla (died 1136), Archbishop of Milan, as Anselm V *Anselmo Banduri (c. 1675–1743), Benedictine scholar, archaeologist and numismatologist *Anselmo Zarza Bernal (born 1916), Mexican Roman Catholic Bishop *Anselmo José Braamcamp (1817–1885), Portuguese politi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
São Lázaro
São Lázaro is the smallest Freguesia (Macau), civil parish ( pt, freguesia) of Macau, located in the central-east region of the Macau Peninsula. It is surrounded by the parishes of Nossa Senhora de Fátima, Macau, Nossa Senhora de Fátima, Santo António, Macau, Santo António, and Sé, Macau, Sé. This parish was one of five in the former Municipality of Macau, one of Macau's two municipalities that were abolished on 31 December 2001 by Law No. 17/2001, following the 1999 transfer of sovereignty over Macau from Portugal to China. While their administrative functions have since been removed, these parishes are still retained nominally. One-third of its region is covered by (Portuguese: Colina da Guia, Chinese: 松山 or 東望洋山). 3% of factories in Macau are located in the district. Education Tertiary education: * United Nations University Institute on Computing and Society Primary and secondary schools Public schools: * Macao Conservatory - Headquarters and school of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cultural Affairs Bureau
Culture () is an umbrella term which encompasses the social behavior, institutions, and norms found in human societies, as well as the knowledge, beliefs, arts, laws, customs, capabilities, and habits of the individuals in these groups.Tylor, Edward. (1871). Primitive Culture. Vol 1. New York: J.P. Putnam's Son Culture is often originated from or attributed to a specific region or location. Humans acquire culture through the learning processes of enculturation and socialization, which is shown by the diversity of cultures across societies. A cultural norm codifies acceptable conduct in society; it serves as a guideline for behavior, dress, language, and demeanor in a situation, which serves as a template for expectations in a social group. Accepting only a monoculture in a social group can bear risks, just as a single species can wither in the face of environmental change, for lack of functional responses to the change. Thus in military culture, valor is counted a typical ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Macanese Pataca
The Macanese pataca or Macau pataca (; pt, pataca de Macau; sign: $; abbreviation: P; ISO code: MOP) is the currency of the Macau Special Administrative Region of the People's Republic of China. It is subdivided into 100 ''avos'' (; ''sin''), with 10 avos called ''ho'' () in Cantonese. Macau has a currency board system under which the pataca is 100 per cent backed by foreign exchange reserves, in this case currently the Hong Kong dollar (itself backed by the United States dollar). Moreover, the currency board, Monetary Authority of Macau (AMCM), has a statutory obligation to issue and redeem Macau pataca on demand against the Hong Kong dollar at a fixed exchange rate of HK$1 = MOP 1.03, and without limit. History The Spanish American silver dollar was in wide use in Asia and the Americas between the 16th to 20th centuries, and was imported by China in large quantities. They were typically minted in Mexico and then brought to the Philippines as part of the Spanish ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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