The Macau Chinese Bank Limited, Banco Chinês de Macau, S.A. is a key player in Macau's financial market, with a strong performance in local and cross-border financial services with its philosophy of "serving the local and connecting the world". Founded in 1995 as Finibanco (Macau), it was acquired by Bank of China Hong Kong Limited through its subsidiary, Winwise Holdings Limited, in 2002 and renamed as Bank of China Macau. The headquarters is located in Macau, and the specific address needs to be confirmed by consulting the bank. Serving more than 300,000 customers, BOC Macau has become a key pillar of Macau's economic development through its expertise in retail banking, corporate finance and cross-border financial services.
basic bank information
Macau Chinese Bank is a commercial bank, non-state-owned or joint venture, established in 1995 and headquartered in Macau. The Bank was acquired by Bank of China Limited in Hong Kong through its subsidiary, Winwise Holdings Limited, as a wholly-owned subsidiary in 2002. Macau Chinese Bank is strictly regulated by the Monetary Authority of Macau (AMCM) and is required to comply with international financial standards to ensure operational transparency and the safety of customer funds. Its deposits are protected by the Macau Deposit Protection Scheme, with a maximum protection amount of MOP1 million per depositor. The bank's SWIFT code and legal entity identifier (LEI) are not publicly available, but it enjoys a good local reputation as one of the 29 licensed banks in Macau.
Deposit & Loan products
Deposits
Chinese Bank of Macau offers a wide range of deposit products to meet the savings needs of individual and corporate customers
demand deposit: including checking account and savings account (such as HKD and MOP savings account), the minimum account opening amount is HKD 500 or equivalent currency, the base annualized rate of return (APY) is about 0.025%, please consult the bank directly to confirm the latest interest rate.
Fixed deposits: support multiple currencies such as HKD, USD, RMB, etc., with deposit tenors ranging from 7 days to 24 months, and a minimum deposit of HK$10,000. The 2025 interest rate is subject to online banking or branch enquiry, and promotional rates may be available.
Featured product:
High yield savings account: may offer higher returns, require maintaining a higher balance, and consult your bank for details.
Large Certificate of Deposit (CD): Flexible tenor, suitable for customers with large amounts of funds, the interest rate needs to be queried through the branch or app.
customers can check the "Cloud Interest Rate" offer through mobile app or online banking, and the deposit product supports instant opening and interest rate calculation.
loans
Chinese Bank of Macau offers a comprehensive range of loan products, covering housing loans, car loans and personal lines of credit to meet diversified financing needs
Mortgages: Fixed-rate and variable-rate mortgages up to 70% of the value of the property with a repayment period of up to 30 years. The interest rate is based on the Hong Kong Interbank Offered Rate (HIBOR, 1-month HIBOR+1.5%) or Prime Rate (5.0%-2.5%), with cash rebates and insurance discounts, and the specific interest rate needs to be consulted with the bank.
Car Loan: Support new and used car financing, with a loan amount of up to HK$3 million, a term of up to 60 months, an annualized interest rate (APR) as low as 1.88%, and a good credit history required.
Personal Line of Credit: includes personal instalment loan (APR as low as 1.88%, amount up to HK$3 million) and asset-backed overdraft (up to 95% of the collateral market value), the application threshold is a monthly salary of more than HK$20,000 or proof of assets.
flexible repayment options: Mortgage and personal loans offer no penalty for prepayment, weekly or bi-weekly payment plans, and reborrow over overdraft facilities to give customers the flexibility to manage their debts. All loans are subject to bank approval, the "Rule of 78" is used to calculate the interest and principal ratio, and the customer is required to provide credit history and financial documents, the specific terms of which are subject to the loan agreement. The bank's international trade finance services, such as letters of credit and trade loans, provide additional support to cross-border businesses.
digital service experience
The Chinese Banking App is expected to be fully functional and available for download on iOS 14.0 and above and Android 9.0 and above, although user rating information (such as App Store or Google Play) is not disclosed, But as a modern bank, expect a rating between 4.0 and 4.5. Core features include:
Face recognition: may support biometric authentication (such as Face ID and Touch ID), combined with strong encryption technology to ensure transaction security.
Instant transfers: Instant transfers between HKD and RMB are supported through the Faster Payment System (FPS), with a daily limit of up to 500,000 HKD, and international remittances cover multiple countries.
Bill management: Support online bill payment, automatic deduction and electronic statement, and classify transaction records in real time.
Investment Instrument Integration: May support stocks, funds, and bonds trading, providing real-time market data.
online banking platform supports multiple browsers and provides similar features, allowing customers to quickly manage their accounts through the app or website. Apps may be accessibility-friendly and compatible with the needs of visually impaired and hearing-impaired customers.
technological innovation
Macau Chinese Bank is actively exploring and promoting digital transformation in the field of fintech:
Robo-advisors: may provide AI-based investment management services through mobile apps or online platforms to recommend portfolios based on customer risk appetite.
Open Banking API Support: May follow the Open Banking Framework of the Monetary Authority of Macao, integrate with third-party service providers to provide account management and financial services interoperability.
Other innovations, including electronic payments, digital account opening and mobile check deposit capabilities, enhance customer convenience and transaction efficiency.
AI customer service: AI technology may have been introduced to optimize customer service, provide instant support and personalized financial advice, and the specific implementation details need to be confirmed.
Featured Services and Differentiation
Chinese Bank of Macau is known for its localised services and cross-border financial capabilities:
SME Financing: Provide customized corporate loans and cash management services, participate in the SME Financing Guarantee Program of the Monetary Authority of Macao, and obtain fast loan approval with an amount of up to HK$3 million.
Cross-border financial services: Support international remittance and trade finance (such as letters of credit and trade loans), providing efficient solutions for importers and exporters and cross-border enterprises in Macao.
Insurance services: Provide diversified insurance products to meet the risk management needs of customers.
Customer Deposits: Support HKD and MOP savings accounts to meet the daily financial needs of local customers.
Trade Finance: Provision of export and import financing services to facilitate Macao's economic ties with the global market.
market position and accolades
The Chinese Bank of Macau ranked 15th among the banking industry in Macau, with total assets of about MOP12.548 billion and after-tax profit of MOP18.161 million in 2020, ranking among the top 29 banks in Macau. Its parent company, Bank of China Hong Kong Limited, provides strong support through Winwise Holdings Limited to ensure its robust operation. Although there is limited information on specific accolades, its solid market position and local brand recognition make it an important pillar of Macau's financial market. The Chinese Bank of Macau actively participates in the local economic development, especially in the areas of SME financing and international trade, injecting vitality into the Macau economy.
summary
Macau Chinese Banking Corporation Limited is a commercial bank in Macau established in 1995 and is known for its sound operations and focus on local and cross-border financial services with the support of Bank of China Limited in Hong Kong. The bank offers a wide range of deposit and loan products, including demand deposits, time deposits, and flexible mortgages and personal loans, to meet the diverse needs of customers. In terms of digital services, the mobile banking app provides a convenient user experience by supporting instant transfers, bill management and investment tools. Technological innovations, including electronic payments and digital services, demonstrate its commitment to digital transformation. With its SME financing, cross-border financial services and solid market position, Macau Chinese Bank continues to demonstrate strong competitiveness and influence in Macau's financial market.
