E Fund gets green light to set up investment fund management company in Macau
may26 new investment fund management player, E Fund, has received authorisation from the Macau SAR government to start operations in the city. According to an executive order signed by Chief Executive Sam Hou Fai and published in the Official Gazette on Tuesday, E Fund Investment Fund Management (Macau) Company Limited was granted approval “for the exclusive exercise of fund management activities and other asset management activities.” Read also:Unlocking funds E Fund will join four other Macau-licensed investment fund management companies: A&P, WI Harper (Macau), Macau Funway, and Hopu (Macau). Watch: MBtv Debates – Macau’s New Investment Funds Law (full video) A new Investment Funds Law took effect in Macau at the start of the year, replacing 1999 legislation. The updated framework sets clearer roles and responsibilities for market participants, including fund managers, custodians, and distributors, and allows more flexible fund structures, such as contractual funds, j...