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Macau Establishes Macau Investment Management Co to Advance Government Guidance Fund Framework
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The Macau government announced that, in order to proactively align with the national "15th Five-Year Plan", it has established a "Government Guidance Fund" to promote the moderate diversification of Macaus economy and foster emerging industries over the long term. The government officially set up a public capital enterprise, Macau Investment Management Company Limited, yesterday (13th). As the management entity of the guidance fund, the company will be responsible for the funds daily operations, capital deployment and execution of investment decisions. To ensure the orderly implementation of policy objectives including industrial upgrading, support for the commercialization of technological achievements and development of start-up technology enterprises, Macau Investment Management Company will formulate market-oriented rules and procedures under the principles of openness, fairness and impartiality, and select qualified institutions to apply as fund managers of the master fund. The government will also encourage fund managers to connect with eligible market investors to leverage social capital, forming synergy between the government and the market to jointly promote diversified industrial upgrading. The Macau government will establish a guidance fund advisory committee comprising government officials, professionals, academics and representatives from relevant sectors to provide advice on policy direction, strategic planning and major matters of the fund. At the same time, it will build professional teams covering investment, risk control, research and compliance, prioritizing the recruitment of interdisciplinary talent with international financial perspectives and local industry insight. A multi-tier career structure and incentive mechanism will also be introduced to support the long-term and stable operation of the guidance fund. Macau Investment Management Company will ensure that the guidance fund invests in key emerging industries in line with government industrial policies, promoting industrial upgrading and coordination between Macau and Hengqin. It will also continuously manage risks and conduct regular performance evaluations to enhance investment returns, drive industrial growth, create quality employment opportunities and maximize the effectiveness of public capital. (jl/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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