Macau Monetary Authority outlines sovereign fund plans

Macau will finalise details for a new sovereign wealth-type fund after a public consultation from mid-next year, the territory's de facto central bank has told AsianInvestor. Following the Macau government's announcement in August that it wanted to establish the Macau investment development fund management company, the Macau Monetary Authority has set up a working team to prepare for the public consultation work, a spokesman said. The consultation paper, which will include detai…