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Macau opens its first local mutual fund to mainland Chinese investors, boosting financial links.
Macau's first locally-based mutual fund, the A&P Macau Patacas Money Market Fund, is opening up to mainland Chinese investors through the Wealth Management Connect scheme.
The fund, denominated in Macau patacas, has attracted 218 million patacas (US$27 million) since its July launch.
This move enhances financial ties and investment opportunities between Macau and mainland China, aiming to grow Macau's financial services sector beyond its casino industry.
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Macao abre su primer fondo de inversión local a inversores de China continental, impulsando los vínculos financieros.