The reporter learned from the Monetary Authority of the Macao Special Administrative Region (hereinafter referred to as the "Macao Monetary Authority") that the "Promotion Conference on the Development Advantages and Opportunities of Macao's Investment Fund Industry" was recently held in Shanghai, attracting government departments, industry associations, investment fund management companies, banks, insurance companies, as well as representatives of enterprises in the biopharmaceutical, energy and other industries from Shanghai, Suzhou and Macao to attend. Huang Shanwen, Acting Chairman of the Administrative Management Committee of the Macao Monetary Authority, delivered a speech stating that the implementation of the Investment Fund Law will help promote regulatory integration and connectivity between Macao and foreign fund markets, create a more ideal development environment for the investment fund industry, and cooperate with the SAR government to introduce competitive tax incentives, attracting more foreign institutions to participate in the Macao investment fund market. Cao Yanwen, Deputy Director of the Office of the Financial Committee of the Shanghai Municipal Party Committee, pointed out that it is hoped that Shanghai and Macao will adhere to the principles of "mutual learning, mutual benefit and win-win, and joint construction and sharing", based on the national strategic positioning, fully leverage their respective advantages, and make every effort to promote high-level institutional opening and help build a strong financial country. It is reported that the Macao Monetary Authority will hold promotion and exchange activities in cities in the Guangdong Hong Kong Macao Greater Bay Area and the Hengqin Guangdong Macao Deep Cooperation Zone in the first half of this year, further attracting qualified and large-scale investment fund management companies to settle in Macao. (New Society)