Macau is a special administrative region of China.
Its A&P Macau Patacas Money Market Fund was launched in July 2024
South China Morning Post report that
the fund will soon be offered to mainland investors in the Greater Bay Area via the Wealth Management Connect schemeThe fund is denominated in the Macau pataca
pataca is the currency of MacauMacau has a currency board system (Monetary Authority of Macau (AMCM))under which the pataca is 100 per cent backed by foreign exchange reserves, in this case currently the Hong Kong dollar (itself backed by the United States dollar).pataca has a fixed exchange rate of HK$1 = MOP 1.03 This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about macau mutual fund will soon be offered to mainland china investors was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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