All 31 banks in the city taking part in new pataca-only scheme; officials eyeing transfers to Hong Kong dollars and renminbi for next phase.
Benjamin Chan Sau San
The government will launch a public consultation in the middle of next year on the possible establishment of a company tasked with managing the local version of a “sovereign wealth fund”.
The controversial bill proposing the transfer of MOP 60 billion for setting-up MSAR Investment and Development Fund is to be withdrawn from Wednesday’s plenary session agenda.
