The government’s 2019 foreign exchange reserves, fiscal reserves and Guangdong-Macao Cooperation and Development Fund’s investment scheme have been reviewed and the follow-up committee is satisfied with its investment performance.
Guangdong-Macau Cooperation and Development Fund
The local government will be exempted from income tax when investing in the mainland, once a new deal under the Mainland-Macau agreement to avoid double taxation comes into effect.
