The Monetary Authority of Macau has announced the setting-up of export credit insurance arrangements meant to make trade between China and the Portuguese-speaking world less risky, Lusa reports.

The Portuguese news agency, citing a written announcement issued by the authority, says Macau companies can now buy insurance from banks to cover trade with over 200 different parts of the world, including all the lusophone countries.

The announcement quotes Monetary Authority of Macau President Chan Sau San as saying the export credit insurance arrangements reduce the risk of exporting to some lusophone countries.

Mr Chan was speaking to a meeting of about 100 businesspeople jointly arranged by his authority and the Macao Trade and Investment Promotion Institute, Lusa quotes the announcement as saying.