According to the Zhitong Finance App, Sands China Limited (01928) issued an announcement that the Macau Government will establish a government guidance fund to support the diversification of Macau's economy. To this end, the Macao Government has promoted the establishment of a government guidance fund in accordance with Administrative Regulation No. 26/2026. The fund is called the Macao Special Administrative Region Government Guidance Fund Limited Partnership Fund No. 2 (Government Guidance Fund).
The Government Guidance Fund will be established as a limited partnership in accordance with Law 11/2025. The general partner is Macau Project Management (No. 2) one-person limited company (a limited liability company registered under Macau law) and the management entity is Macau Investment Management Co., Ltd. (a limited liability company registered under Macau law). The general partner and management entity is the entity ultimately owned and controlled by the Macau Government.
VML participated in investing in government guidance funds to support the administration of the Macau Government and the diversified development of the Macau economy. On October 23, 2026, VML concluded a limited partnership agreement and other relevant documents relating to VML's participation as a limited partner in the Government Guidance Fund and other relevant documents. According to this, VML will assume a total pledged investment amount of about MOP 2.3 billion (approximately US$285 million) (government guidance fund commitment), which will be included in the non-gaming investment commitment for VML under the grant. Therefore, the Government Guidance Fund promises to be an alternative arrangement for the grant of other projects and expenses anticipated in non-gaming investment commitments.