How Macau intends to manage its new SWF
The cash-rich gambling hub is going to set up its sovereign wealth fund this year in order to lift investment returns and invest into the Greater Bay Area.
Macau intends for its new de facto sovereign wealth fund to be managed by an independent corporate entity owned by the government instead of via its Monetary Authority, the Secretariat for Economy and Finance told AsianInvestor.
The former Portuguese enclave is planning to make special appropriations from its fiscal reserve to capitalise the 'Macau Special Administrative Region Investment Development Fund'. In an emailed response to AsianInvestor questions, the secretariat said th…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.