07 September 2023
On 7 September 2023, the Finance Bureau of the Guangdong-Macao In-Depth Cooperation Zone issued the “Administrative Measures for Investment Funds of the Government of Hengqin Guangdong-Macao Deep Cooperation Zone” (“the Measures”). The Measures specified that government investment funds shall focus on investing in key industries such as technology research and development and high-end manufacturing, traditional Chinese medicine, tourism, exhibition, convention and commerce industry, and modern financial industry. A two-tier management and operation structure for government investment funds shall be adopted, including parent funds and sub-funds. The government investment funds shall act as the parent fund financed by government of the cooperative zone to invest in sub-funds or investment projects. The Measures will be implemented from 17 September 2023 and be valid for 5 years.