Guangzhou Automobile Group Co., Ltd. (GAC Capital) hosted a forum and local launch ceremony for its subsidiary, Key One Investment Fund Management Limited, at the Crowne Plaza Macau hotel yesterday.
The event was co-hosted by the Securities and Funds Industry Association of Macao.
Key One Investment Fund Management Limited (祺澳投資基金管理股份有限公司) is a fund management company based in Macau, formally authorised by Executive Order signed by Chief Executive Sam Hou Fai and gazetted last month, according to a recent announcement by the Legal Affairs Bureau (DSAJ).
The announcement said that the company is incorporated specifically for the exclusive management of private investment funds.
Qiu Jiazhi, manager of GAC Capital*, said in a speech that the successful establishment of Key One in Macau represents a strategic deployment by GAC Capital to build a dual-circulation “mainland + Macau” capital framework with a global outlook.
Qiu also noted that the fund will focus on three key missions: first, creating a connectivity channel between Greater Bay Area (GBA) industries and global capital to direct international investment towards hard technology sectors; second, deepening equity investment in hard technology fields such as new energy vehicles and artificial intelligence (AI), thereby promoting industrial synergy between Guangdong and Macau; and third, upholding compliance standards to safeguard the healthy development of Macau’s asset management industry.
Deng Hong, acting chairman of the Securities and Funds Industry Association of Macao, said in a speech that the establishment of Key One marks a landmark breakthrough in the integration of the Guangdong-Macau automotive industry via cross-border finance.
Deng added that Macau is becoming a key hub for GBA enterprises seeking to connect with markets in Portuguese-speaking countries, expressing hope that the fund will drive the international expansion of new energy and smart manufacturing industries while enriching the local private equity ecosystem. Deng said his company will continue to build communication bridges to support the implementation of Macau’s economic diversification strategy.
Commerce and Investment Promotion Institute (IPIM) Acting President Jacinto Luiz expressed his hope that the fund would attract upstream and downstream enterprises in the automotive industry to Macau, thereby driving local technological development.
He noted that, with the implementation of the Investment Funds Law and the ongoing preparation of a 20-billion-pataca Government Guidance Fund, Macau is accelerating the introduction of industrial funds and leading enterprises. Efforts are being focused on attracting investment in priority industries under Macau’s appropriate economic diversification strategy, while making use of the China–Portuguese-speaking countries platform to help enterprises expand into overseas markets, Luiz said.
Monetary Authority of Macao (AMCM) President Vong Sin Man and other senior government officials and business community leaders attended the event.
A forum was also held at the same venue, featuring a roundtable dialogue with representatives from regulatory bodies, investment institutions, and universities.
Key One operates under the direct supervision of AMCM
* GAC Capital Co., Ltd. is the corporate venture capital arm and wholly owned investment subsidiary of Guangzhou Automobile Group Co., Ltd. (GAC Group), a major state-owned automaker. GAC Group produces vehicles under its own proprietary brands, such as GAC Motor and GAC Aion, as well as through major joint ventures with global automakers, such as GAC Toyota and GAC Honda. - Gemini
GAC Capital Co., Ltd. Manager Qiu Jiazhi (centre), Securities and Funds Industry Association of Macao Acting Chairman Deng Hong (third from left), Commerce and Investment Promotion Institute (IPIM) Acting President Jacinto Luiz (third from right) and other representative cut the ribbon during yesterday’s launch ceremony at the Crowne Plaza Macau hotel in the northern district. – Photo: Armindo Neves
