Secretary for Economy and Finance Lionel Leong Vai Tac said yesterday that the Guangdong-Macau Cooperation Development Fund will have a guaranteed 3.5 percent rate of return annually, adding that the fund has a bonus share system, apart from being a capital-guaranteed investment.
Leong made the remarks while speaking to reporters on the sidelines of the opening ceremony of the 11th Macau International Environmental Cooperation Forum and Exhibition (2018 MIECF) yesterday at the Venetian in Cotai.
Leong revealed the setting-up of the 20-billion-yuan fund on Monday during a session about the development of the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) on the sidelines of this year’s Boao Forum for Asia (BFA) in Hainan province.
Secretary for Economy and Finance Lionel Leong Vai Tac talks to the media on the sidelines of yesterday’s opening ceremony of the 11th Macau International Environmental Co-operation Forum and Exhibition (2018 MIECF) at the Venetian in Cotai. Photo: GCS
