According to Chi, as of the end of August this year, licensed asset management institutions in the zone oversaw assets worth RMB 6 trillion, behind only Shanghai, Shenzhen, and Beijing. In the private equity fund segment, around 500 managers registered with the Asset Management Association of China are based in the zone, with combined assets exceeding RMB 680 billion, placing it fifth nationwide. Between 2021 and 2024, the scale of private equity funds in the zone grew by more than 25 percent, making it one of the fastest-growing regions in China.
To further support Macau’s development needs, Hengqin has been encouraging high-quality asset management institutions to expand into the city. For example, E Fund Management completed registration with the China Securities Regulatory Commission in August. If it obtains approval from the Macau Monetary Authority, it could become the first major mainland public fund to establish a presence in Macau.
Meanwhile, Chi noted that the “30 Hengqin Financial Measures” are being continuously refined, while the QFLP (Qualified Foreign Limited Partner) policy is also advancing. Marking the fourth anniversary of the Cooperation Zone, the Financial Development Bureau is preparing to launch the “Interim Measures for the QFLP Balance Management Pilot Program.” This initiative will not only remove policy barriers for Macau investment funds seeking access to mainland equity investment but also introduce an innovative “Hengqin-Macau Fund Connect” green channel to streamline applications for fund managers operating in both regions.
