(Yicai Global) Nov .27 -- China is researching the formation of the Macau Stock Exchange in Hengqin in South China, according to a file the country’s state planner the National Development and Reform Commission recently released.

The founding of the Macau bourse will support Macau's development of a distinctive financial industry in line with its own actual circumstances, promote the moderately diversified economic development of the special administrative region, and aid construction of the Guangdong-Hong Kong-Macau Greater Bay Area, per the document.

Hengqin New Area in the Zhuhai Special Economic Zone in Guangdong province is seeking a growth pattern based on joint construction and management with neighboring Macau to coordinate and support the industrial development of the SAR.

Editor: Ben Armour