MONETARY AUTHORITY MAY INVEST MORE PROFITABLY

2014/8/13

From:Macau Business

The Monetary Authority of Macau will invest its assets more advantageously if the public thinks the returns are worth the risk, the authority’s chairman, Anselmo Teng Lin Seng, has said.

Mr Teng told the Legislative Assembly that the authority now invested about 10 percent of the fiscal reserve in equities.

He said he believed the investment portfolio would become more diverse.

Mr Teng said the authority was adding assets denominated in yuan and not just US or Hong Kong dollars.

And it had engaged fund managers to help it invest, he said.

Copyright@Macau Business