FUNDOS (1 de janeiro 2026)

 ab26 Macau Business magazine l  April  2026 Calvin Tinlop Chui President of the Board of Directors of the Macau Financial Law Association Co-Managing Partner, Lektou Macau just put MOP 20 billion on the table — and for once, it has nothing to do with baccarat. In February, the Secretary for Economy and Finance announced a government guidance fund seeded with at least MOP 11 billion (US$1.37 billion) of public money, scaling to MOP 20 billion with private capital. That alone would be news. But it lands on top of a new Investment Funds Law (Law No. 11/2025) that took effect on 1 January 2026, replacing a regulatory framework from 1999, plus a Budget Law loaded with tax incentives, plus four implementing circulars the regulator published even before the law kicked in. This is not a tentative policy signal. It is a coordinated, capital-backed bet that Macau can become a serious fund domicile in the Greater Bay Area. Macau is not just rewriting its fund laws — it is...

 mar26 Gathering pace By  José Carlos Matias Macau Business magazine l  March 2026 Upgraded legislation, new fund vehicles and cross-border flows are reshaping Macau’s financial services industry, as local players emphasise differentiation. Henry Chow, chief executive of HSBC Macau, and Bernardo Alves, chairman of A&P Investment Fund Management Company, outline their vision for getting it right. Photos by Cheong Kam Ka Macau’s financial services industry has witnessed notable developments in recent years. As one of the four pillars earmarked for economic diversification under the 1+4 strategy, “modern finance” has undergone a broad range of legislative and regulatory upgrades, including the new Financial Services Act adopted in 2023 and, more recently, the revised Investment Funds Law, which came into effect on 1 January this year. These developments have generated interest from new players overseas and prompted Macau-based stakeholders to raise their game a...