FUNDOS

 24/11/25 Monetary authority engages 10 companies in investment fund drive By   Aries Un Macau’s monetary authority is currently in talks with 10 institutions over investment fund pursuits in the territory, with promotional work expected to stretch into the first half of 2026. Macau introduced a new law on investment funds in July 2025, setting the stage for this burgeoning industry to develop. According to Simon Vong Sin Man, acting chairman of the Monetary Authority of Macao (AMCM), the authority has already taken a proactive approach in engaging potential investment management companies. Responding to lawmaker Kevin Ho King Lun’s questions about the current status on Monday, the official said that a “final number and timeline” would depend on interaction between both sides. For the foreseeable future, the government will continue promotions, seminars, and exchange sessions in its push for the industry’s development. Macau is currently embracing a transition to a hub of mode...

 no25 Em consonância com as Linhas de Ação Governativa para 2025, a  Autoridade Monetária de Macau  (AMCM) está a acelerar a modernização do ecossistema financeiro, apostando na expansão do mercado obrigacionista e na atualização do regime dos fundos de investimento. O organismo sublinha que estas iniciativas têm como objetivo apoiar a transformação do setor e estimular o desenvolvimento de novos segmentos financeiros. No mercado obrigacionista, a interligação entre a Central de Depósito de Valores Mobiliários de Macau e a Central Moneymarkets Unit de Hong Kong, operacional desde janeiro, permitiu aumentar a participação de investidores internacionais. A emissão recente de obrigações soberanas e de títulos de governos locais de Guangdong e Shenzhen, incluindo obrigações verdes e azuis, contribuiu para diversificar produtos e elevar a atratividade do mercado. Até outubro, Macau contabilizou mais de mil emissões obrigacionistas, num valor acumulado superior a mil mil milhõe...

 out25 The law provides for a range of fund structures — contractual, corporate (including variable capital corporations), partnership-based — and introduces mechanisms such as umbrella funds, master-feeder arrangements, and fund-of-funds. It also establishes governance obligations for fund managers, custodians, and other service providers, enhancing investor protection and operational transparency. These reforms bring Macau in line with international standards and lay the groundwork for a credible fund market. From an economic policy standpoint, investment funds are essential instruments for capital mobilisation and its efficient deployment. They facilitate the aggregation of savings and their allocation into productive sectors, thereby supporting innovation, infrastructure development, and long-term growth. In the context of Macau’s diversification strategy, a well-functioning fund market could serve as a key enabler. Macau’s economy remains heavily concentrated on gaming and tou...