Editing Economy of Macau (section)

===Banking===
Macau is an [[offshore financial centre]], a [[tax haven]], and a [[free port]] with no foreign exchange control regimes.<ref>{{cite web|url=http://www.macaubusiness.com/index.php?id=666|access-date=5 September 2007|title=Offshore Operation in Macao|author=Luis Pereira|publisher=Macau Business|archive-date=27 September 2007|archive-url=https://web.archive.org/web/20070927201352/http://www.macaubusiness.com/index.php?id=666|url-status=live}}</ref>
<ref>{{cite web|url=http://www.imf.org/external/np/mae/oshore/2000/eng/back.htm#table1|title=Countries, Territories, and Jurisdictions with Offshore Financial Centers|access-date=5 September 2006|author=Errico and Musalem (1999)|publisher=IMF|archive-date=10 August 2006|archive-url=https://web.archive.org/web/20060810083436/http://www.imf.org/external/np/mae/oshore/2000/eng/back.htm#table1|url-status=live}}</ref><ref>{{cite web|url=http://www.asiarooms.com/travel-guide/macau/macau-overview/macau-currency.html|title=Macau Currency|access-date=2 January 2008|publisher=AsiaRooms.com|archive-url=https://web.archive.org/web/20080112081310/http://www.asiarooms.com/travel-guide/macau/macau-overview/macau-currency.html|archive-date=12 January 2008|url-status=usurped}}</ref> The offshore finance business is regulated and supervised by the [[Monetary Authority of Macao]],<ref>{{cite web|url=http://www.amcm.gov.mo/|title=The homepage of Monetary Authority of Macao|access-date=15 November 2007|publisher=The Monetary Authority of Macao, the Govt. of Macau SAR|archive-date=1 June 2007|archive-url=https://web.archive.org/web/20070601001559/http://www.amcm.gov.mo/|url-status=live}}</ref> while the regulation and supervision of the offshore non-finance business is mainly controlled by the Macau Trade and Investment Promotion Institute.<ref>{{cite web|url=http://www.ipim.gov.mo/en/index2.asp IPIM|title=The Macau Trade and Investment Promotion Institute|access-date=15 November 2007|publisher=The Macau Trade and Investment Promotion Institute, the Govt. of Macau SAR|url-status=dead|archive-url=https://web.archive.org/web/20071107112053/http://www.ipim.gov.mo/en/index2.asp|archive-date=7 November 2007}}</ref> In 2007, [[Moody's Investors Service]] upgraded Macau's foreign and local currency government issuer ratings to 'Aa3' from 'A1', citing its government's solid finances as a large net creditor. The rating agency also upgraded Macau's foreign currency bank deposit ceiling to 'Aa3' from 'A1'.<ref>{{cite web|url=http://www.hemscott.com/news/latest-news/item.do?newsId=47556025388962|title=the web site of Hemscott and Empowering Inverstors|access-date=15 November 2007|publisher=Hemscott.com|archive-date=27 September 2007|archive-url=https://web.archive.org/web/20070927191140/http://www.hemscott.com/news/latest-news/item.do?newsId=47556025388962|url-status=live}}</ref>

There are twenty other licensed banks, sixteen of which are foreign. Macau has five of the top 500 commercial banks in Asia, including [[Tai Fung Bank|Banco Tai Fung]] and [[Industrial and Commercial Bank of China]].