China’s State Council has removed Secretary for Economy and Finance, Tai Kin Ip, following his resignation for personal reasons, according to an official announcement issued today.
The decision was made by the central government in accordance with the Basic Law of the Macao Special Administrative Region, after a recommendation from Chief Executive Sam Hou Fai.
“The State Council, on April 16, 2026, upon the proposal of the Chief Executive of the Macao Special Administrative Region, Sam Hou Fai, removes Tai Kin Ip from the post of Secretary for Economy and Finance,” as stated in the Official Gazette.
The administration said the process to appoint a new Secretary is now underway, with a nomination to be submitted to the central government in due course.
Until a replacement is appointed, the Chief Executive will assume the responsibilities of the economy and finance portfolio in accordance with the Basic Law.
The government noted that since taking office with the current administration, Tai had overseen the implementation of key policy initiatives in the economic and financial sectors. It said he led his team “in compliance with the law, with a sense of responsibility, determination, and efficiency,” contributing to progress in the city’s economic development.
Sam also conveyed “sincere gratitude and full recognition” for Tai’s efforts and contributions during his tenure.
Tai, who assumed office on December 20, 2024, previously served as director of the Economic and Technological Development Bureau.
In a separate statement, it was noted that Tai had “for personal reasons, formally requested earlier to resign from my position as Secretary for Economy and Finance of the Government of the Macao Special Administrative Region.”
Tai added, “I would like to express my sincere gratitude to the Central People’s Government and Chief Executive Sam Hou Fai for the trust and support given to me during my tenure as Secretary for Economy and Finance of the Macao SAR Government. I also thank all public servants in the economy and finance sector for their efforts and cooperation.”
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