Macau's banking industry went through the global financial crisis smoothly.The aggregate assets of the Macau banking system have been growing steadily with improving financial results after the crisis.Meanwhile the quality of assets and the capital adequacy remain above a satisfactory level.However,for a long time the banks in Macau have had to deal with the very limited size of the local market and lack of opportunities.The integrated regional economic and financial cooperation among Guangdong,Hong Kong,and Macau,especially the recent development of Hengqin,provides great oppofrtunities for the banks of Macau.The aim of Guangdong-Macau financial cooperation and financial reforms in Hengqin is to create a regional single financial market.Hengqin is going to serve as both a platform,through which Macau banks gain access to Mainland China and even the global market and a platform,through which the Mainland banks are able to access foreign markets.It is suggested that the cross border RMB business be treated as a starting point.Macau and Hengqin will need to work together to build up the financial platform between China and Portuguese-speaking countries.The two places are expected to strengthen financial cooperation thoroughly and at different levels. <<