The Monetary Authority of Macao (AMCM), together with the Financial Development Services of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, held a presentation session on the advantages and development opportunities of Macao’s investment funds sector following the entry into force of the new Investment Funds Law. The event aimed to attract more qualified and larger-scale fund management firms to establish and operate in Macao and drew around 160 participants from public bodies, industry associations, fund managers, banks, securities firms and technology companies. Speakers highlighted scope for coordinated development between Hengqin and Macao, with the revised Investment Funds Law positioned as enabling greater connectivity between Macao’s funds market and external markets. The Cooperation Zone’s support measures introduced at the end of last year for high-quality development of modern finance and the private investment funds industry were also referenced, alongside measures agreed by AMCM and the Cooperation Zone authorities to facilitate private fund managers based in Hengqin establishing in Macao. During the session, AMCM representatives presented Macao’s legal framework and supporting measures for investment fund activities, the Macao Trade and Investment Promotion Institute covered the business environment and company set-up procedures, and the Cooperation Zone presented its support measures; a separate networking and business-matching session was held the same day. AMCM indicated it will continue external promotion of Macao’s financial market environment and related supporting measures in connection with the implementation of the Investment Funds Law, with the aim of attracting more qualified and sizable fund management firms to Macao.

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