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.

2 months ago
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