The City University of Macau and Chongwa (Macao) Financial Assets Exchange Limited (MOX) have further deepened and consolidated their cooperative relationship by signing a strategic cooperation agreement to jointly promote the development of a financial education environment and cultivate talent in financial bonds, thereby contributing to the advancement of modern finance in Macau.
The signing ceremony for the strategic agreement took place on October 19, 2023, at the Taipa campus of the City University of Macau. Professor Liu Jun, President of the City University of Macau, and Mr. Zhang Weichun, Chairman and CEO of Chongwa (Macao) Financial Assets Exchange Limited (MOX), represented their respective organizations in signing the agreement. Following the ceremony, Chairman Zhang Weichun shared his expertise in finance with students from the School of Finance at the City University, engaging in in-depth academic exchanges on the Macau bond market and sustainable development in finance.
President Liu Jun expressed gratitude to Chongwa (Macao) Financial Assets Exchange Limited (MOX)for its support to the City University and stated that the two parties will further promote comprehensive strategic cooperation based on a solid foundation of collaboration. President Liu Jun remarked that the Macau bond market has become a crucial catalyst for the flourishing development of the financial industry in Macau. He believes that this cooperation will align with the promotion of modern finance and jointly provide robust support for the comprehensive development of Macau's financial industry during its transformation into a modernized state.
Chairman Zhang Weichun expressed his gratitude for the warm reception from City University and stated that both parties will further collaborate in the field of professional training to provide internship opportunities for City University students. Together, they aim to cultivate talent in financial bonds and expand cooperation in various aspects within the Greater Bay Area.
In the future, the two organizations will engage in comprehensive strategic cooperation in areas such as financial education, research, talent cultivation, and visits to practical bases. They will jointly develop various financial professional training courses, conduct research on financial topics, and engage in financial project development to foster talent in financial bonds.
During the sharing session, Chairman Zhang Weichun delivered a presentation titled "The Principle of Transfer is the Foundation of Sustainable Development." He highlighted that traditional economic development theories have laid the foundation for economics, while sustainable development theories have provided new directions for economic development worldwide, giving rise to the Principle of Transfer. The Principle of Transfer provides a comprehensive, clear, and accurate classification method, which promotes the emergence of new phenomena and drives continuous development. This theory aligns with the goals of sustainable development, emphasizing the importance of innovation and change to achieve economic, social, and environmental sustainability.
Chairman Zhang Weichun stated that the rise of the Macau bond market is a typical example of the combination of sustainable development theory and new financial instruments. The establishment of Chongwa (Macao) Financial Assets Exchange Limited (MOX) has filled the gap in Macau's financial market infrastructure and provided a platform for direct financing and overseas state-owned asset transfer transactions. The development of the Macau bond market is also striving towards internationalization, standardization, and sustainable development. It not only demonstrates Macau's advantage as an international financial center but also showcases the clever combination of sustainable development theory and new financial instruments.
After the sharing session, students actively raised questions related to the Macau bond market, and Chairman Zhang Weichun answered them in detail. The lecture enriched students' understanding of the Macau bond market, helped them identify the development trends, and left them with a fulfilling experience. They expressed great anticipation for participating in future projects between City University and Chongwa (Macao) Financial Assets Exchange Limited.
Chongwa (Macao) Financial Assets Exchange Limited was officially launched on December 12, 2018. With strong support from the central government and the Macau SAR government, it was initiated by South Glory Group Limited, Macau China Everbright Investment Development Limited, and others. It is a financial institution established in accordance with the Administrative Order No. 94/2018 of the Macau SAR government. MOX is the first financial institution in Macau to provide services such as bond registration, custody, trading, and settlement.
Guests attending the signing ceremony and lecture also included Li Hui, Executive Director and Deputy General Manager of Chongwa (Macao) Financial Assets Exchange Limited, and Yang Lili, Deputy General Manager of the Trading Management Department, as well as Dean Adrian Cheung and Associate Dean Eva Khong of Faculty of Finance, City University of Macau.