The Government of Macao Special Administrative Region (MSAR) invests a total of RMB20 billion from its Fiscal Reserve into the Guangdong-Macao Cooperation and Development Fund (the Fund), which is jointly established with the Guangdong Province. At the current stage, all partners of the Fund have no intention to increase the capital size.
The Fund is jointly initiated by the Guangdong and MSAR Government, while the fund management company is established by state-owned enterprises Guangdong Hengjian Investment Holding Co., Ltd and Guangdong Namyue Group, raising RMB20 billion from the Fiscal Reserve in the form of a Qualified Foreign Limited Partner (QFLP). The Fund will operate in a market-oriented manner, and invest in high-quality key projects including those related to the Greater Bay Area effort and beneficial to the economy and livelihood of the two regions as well as infrastructure of free trade zones in Guangdong.
According to the agreement signed, the total committed capital form all partners is RMB20.1 billion. However, to allow more flexibility for future cooperation, both parties agree that, depending on future conditions, both sides can increase the capital size on the basis of a unanimous agreement, with a limit of RMB100 billion, while such contribution may not be solely from the MSAR Government. At the moment, all partners of the Fund have no intention to increase the capital size.
The MSAR Government will timely assess the operations and performance of the Fund, before deciding on the possibility of further cooperation.