Our Calvin Chui has published three new articles on Lexology, expanding his series on Macau’s Investment Funds Law (Law No. 11/2025).

These latest publications build on the initial framework by offering a highly substantive, practical look into the core operational, structural, and asset-class changes reshaping Macau’s asset management market.

The new articles explore the following:

🔹 Fund Structures – Umbrella, master-feeder, and fund-of-funds structures; property independence, investor ring-fencing, and available across fund types.

🔹 Fund Operations – Three statutory modes (open-ended, closed-ended, hybrid), redemption safeguards (10% daily redemption threshold), closed-ended fund issuance controls, and conversion between modes.

🔹 Investment Objectives – Three statutory categories (securities investment funds, real estate investment funds, alternative investment funds), distinct prudential limits, and AMCM flexibility.

For his articles on Fund Managers, Custodians, Foreign Funds Inbound & Macau Funds Outbound, Sales Entities, Limited Partnership Funds, Corporate Funds and Contractual Funds, you may access here: https://lektou.com/macau-investment-funds-law-series-law-no-11-2025-calvin-tinlop-chui/

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