Macau establish Macao Management Company to promote the construction of government-led fund system.

To actively align with the national "Fifteen-Year Plan" and to promote the moderate diversification of Macao's economy and nurture emerging industries in the long term, the Macao government officially established the public capital enterprise "Macao Investment Management Company" yesterday (May 13). As the management entity of the guidance fund, the Macao Management Company is responsible for the daily operation, financial utilization, and implementation of investment decisions of the fund. In order to systematically implement the policy objectives of promoting industrial upgrading, supporting technology transfer, and sustaining the development of start-up technology enterprises through the guidance fund, the Macao Management Company will establish market-oriented rules and procedures based on principles of openness, fairness, and justice, selecting qualified and competent institutions to apply to become fund managers of the parent fund. The government also encourages fund managers to collaborate with eligible market investors to leverage social capital and create a synergy between the government and the market, thereby promoting industrial upgrading and diversified development together. The Macao government will establish a guidance fund steering committee composed of government officials, professionals, scholars, and representatives from professional fields to provide advice on fund policy direction, strategic planning, and major matters. At the same time, a professional team covering investment, risk control, research, and compliance will be established, with a preference for recruiting talents with international financial vision and local industry insights, and establish a multi-level job ranking system and incentive mechanism to provide strong support for the long-term stable operation of the guidance fund. The Macao Management Company will ensure that the guidance fund invests in key emerging industries that align with government industrial policies, promoting industry upgrading in coordination with Macau's development. Simultaneously, it will continue to manage risks, conduct regular performance evaluations, improve investment efficiency, drive industrial growth, create quality job opportunities, and maximize the benefits of public capital.