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Macau’s fiscal reserve totalled US$54.8 billion in 2016

The fiscal reserve of the Macau Special Administrative Region totalled MOP 438.7 billion (US$54.8 billion) at the end of 2016, an amount that represents an increase of 27% compared to 2015, according to the Monetary Authority of Macau (AMCM).

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The fiscal reserve of the Macau Special Administrative Region totalled MOP 438.7 billion (US$54.8 billion) at the end of 2016, an amount that represents an increase of 27% compared to 2015, according to the Monetary Authority of Macau (AMCM).

Applying the capital in the fiscal reserve provided an income of MOP 3.31 billion (US$413.7 million), or a yield of about 0.8%, compared with 0.7% recorded in 2015.

The Monetary Authority also said that the investments were made in low risk international bonds, in shares of medium and large companies and high security and liquidity products in the money markets.

In 2017, the AMCM will try to take advantage of opportunities in the financial markets, increase its actions in a timely manner to better balance the structure of assets, including investments in products with better potential returns in the stock market.

The AMCM will also look into viable projects for investment cooperation through the use of financial platforms such as the Silk Road Fund, the Sino-Latin American Production Capacity Cooperation Investment Fund and the China -Africa Industrial Capacity Cooperation Fund.

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