Macau mutual fund will quickly be supplied to mainland China buyers

Macau is a particular administrative area of China.

Its A&P Macau Patacas Cash Market Fund was launched in July 2024

South China Morning Submit report that

• the fund will quickly be supplied to mainland buyers
• within the Better Bay Space
• through the Wealth Administration Join scheme

The fund is denominated within the Macau pataca

• pataca is the foreign money of Macau
• Macau has a foreign money board system (Financial Authority of Macau (AMCM))below which the pataca is 100 per cent backed by overseas trade reserves, on this case at present the Hong Kong greenback (itself backed by america greenback).
• pataca has a hard and fast trade charge of HK$1 = MOP 1.03

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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