The Monetary Authority of Macao published an update on the 2024 investment performance of the Macao SAR Financial Reserve, reporting investment income of MOP30.95 billion and an annual return of 5.3%. Total Financial Reserve capital reached MOP616.21 billion at year-end, comprising a basic reserve of MOP153.39 billion and an extraordinary reserve of MOP462.82 billion. The authority attributed performance to a diversified and balanced asset allocation amid shifting global conditions, including easing inflation and successive policy rate cuts by many central banks, followed by market pullbacks from late-year highs. It emphasised maintaining liquidity and overall asset safety while focusing on high-quality assets with relatively stable returns and lower risk, alongside moderate optimisation of the listed equity portfolio. For 2025, the authority flagged ongoing market uncertainty, including geopolitical risks, and indicated it will manage the reserve under a “safe, effective and stable” principle, with emphasis on downside risk control, a higher proportion of highly secure and liquid investments, and timely allocation adjustments to support medium- and long-term capital preservation and asset appreciation.
Monetary Authority of Macao 2025-02-28
Monetary Authority of Macao reports 2024 Financial Reserve investment income of MOP30.95 billion and 5.3% annual return
The Monetary Authority of Macao reported a 2024 investment income of MOP30.95 billion for the Macao SAR Financial Reserve, with a 5.3% annual return, bringing total capital to MOP616.21 billion. This performance was due to diversified asset allocation amid easing inflation and policy rate cuts, focusing on high-quality, stable-return assets. For 2025, it plans to manage the reserve with a focus on downside risk control and secure, liquid investments amid ongoing market uncertainties.