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 2024_ the launch of the city’s first pataca-denominated, locally domiciled mutual fund by A&P Investment Fund Management Company Limited last year. One of only two licensed investment fund management companies in the city at the moment, A&P Investment Fund Management made history in July 2024 by launching Macau’s first pataca-denominated fund — the A&P Macau Patacas Money Market Fund


2026: The long-anticipated Investment Funds Law, set to take effect on 1 January 2026, Approved by the Legislative Assembly earlier this summer, the new legislation will replace the outdated Decree-Law No. 83/99/M, first enacted in 1999. 

Out 25: To date, only two investment fund management companies — A&P Investment Fund Management and WI Harper (Macau) Investment Fund Management Limited — have received regulatory approval to operate in Macau, with the latter yet to commence business.


2025: One sign of this growing interest is the recent approval granted to Hengqin-based E Fund Management — one of mainland China’s largest public fund managers — by the China Securities Regulatory Commission to expand into Macau


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