The Macau Monetary Authority (AMCM) announced in a statement yesterday that it recently held a seminar in Guangzhou to introduce Macau’s Investment Funds Law and supporting measures, aiming to attract more qualified fund management companies to set up shop in Macau.
The event, titled “Promotion Seminar on the Advantages and Opportunities of Macao’s Investment Fund Industry”, was organised by AMCM, co-organised by the Securities and Funds Industry Association of Macao (SFIAM), and supported by the Commerce and Investment Promotion Institute (IPIM), the statement said.
AMCM is Macau’s quasi-central bank.
The statement added that the event drew around 110 representatives from government entities, industry associations, fund management companies, banks and securities firms from both Macau and the Chinese mainland.
AMCM board member Chan Kuan I said that the local government has introduced multiple improvements in legal, regulatory and taxation aspects to strengthen the wealth management market and promote investment fund development, the statement said, adding that Chan underlined that the official implementation of the Investment Funds Law and its supporting framework this year was expected to enhance regulatory alignment with overseas fund markets and create a more favourable environment for the sector.
The statement said that the seminar also featured presentations on Macau’s business environment and company registration procedures, as well as sessions by industry representatives on cross-border fund opportunities.
A business matching session was held on-site, with participating firms saying the event helped them better understand Macau’s financial development trends and its advantages in connecting with Portuguese-speaking countries markets, the statement noted.
During the seminar, the Securities and Funds Industry Association of Macao and the Guangdong Securities and Futures Association set up a strategic partnership to strengthen cooperation in securities and fund business development, according to the statement.
Meanwhile, the statement added that AMCM plans to continue promotional activities in Hengqin and elsewhere in the Greater Bay Area (GBA) in the first half of the year to attract more fund managers and support Macau’s appropriate economic diversification.
This handout photo provided by the Macau Monetary Authority (AMCM) yesterday shows its board member Chan Kuan I delivering a speech at the “Promotion Seminar on the Advantages and Opportunities of Macao’s Investment Fund Industry” in Guangzhou on Friday.
