Reserves to be invested in emerging opportunities in the Mainland

Secretary for Economy and Finance, Mr Leong Vai Tac, meets the press.

Secretary for Economy and Finance, Mr Leong Vai Tac, has said that in the long run part of Macao’s financial reserves would be invested in the emerging opportunities in co-operation platforms with the mainland. The Government would study how to take advantages of China Development Bank, regional integration mechanisms and the Pilot Free Trade Zones in Fujian and Guangdong so as to take part in the country’s development, he said. Mr Leong was speaking to reporters after a plenary session of the Legislative Assembly on 15 June, when he disclosed that the Government would consider investing in projects related to the people’s livelihood if they fulfilled certain requirements. In making best use of the reserves accumulated in the late decade, the Government would invest cautiously and make best efforts to ensure a stable return. Currently, reserves are invested mainly through financial institutions in Macao, Hong Kong and overseas.

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