MOP20 billion fund opens with MOP9 billion in private backing

The government guidance fund, initially set at MOP20 billion, was formally launched at a signing ceremony at government headquarters on Friday.

It comprises MOP11 billion from the government’s accumulated fiscal reserve returns and MOP9 billion from six integrated resort operators as the first batch of social capital.

Chief Executive (CE) Sam Hou Fai and Zheng Xincong, director of the Liaison Office of the Central People’s Government in the Macau SAR, witnessed the ceremony, with Che Weng Keong, Chairman of the Board of Directors of Macau Investment Management Company Limited, and representatives of the six operators signing the agreement.

The Secretary for Economy and Finance, Dora Ng, said the government and the six operators reached the fund’s establishment through friendly consultation, reflecting government-industry collaboration and the business sector’s confidence in Macau’s future.

“Through the fund’s investment approach and market-based management mechanism, we bring together social capital so that policy and the market form a joint force to cultivate Macau’s emerging and future industries, an organic combination of an ‘enterprising government’ and an ‘efficient market’,” the Secretary said.

The fund adopts a three-tier structure—guidance fund, fund of funds, and sub-funds—focused on emerging industries, industrial transformation and upgrading, the commercialization of research outcomes and technology start-ups, and support for Macau’s linked development with the Guangdong-Macau In-depth Cooperation Zone in Hengqin and the Guangdong-Hong Kong-Macau Greater Bay Area.

Ng thanked the six operators for their long-standing support for government policy.

“Over the years, the six operators have put down roots in Macau, played an important role in advancing the city’s development as a world center for tourism and leisure, and continued to honor their non-gaming investment commitments under their concession contracts, thereby contributing to Macau’s appropriate economic diversification,” she said.

The fund operates under Law No. 11/2025 on Investment Funds and Administrative Regulation No. 26/2026 on the Management Regime of the Government Guidance Fund, managed by Macau Investment Management Company.

Authorities said they welcome additional social capital aligned with local development priorities and invited quality fund managers, technology enterprises, and innovative projects to establish operations in Macau and Hengqin.