粵澳中醫藥科技產業園

Victor Chan appointed to Macau Investment and Development Limited administration

The former Director of the Government Information Bureau (GCS) Victor Chan Chi Ping has been appointed to the Administration Council of public company Macau Investment and Development Limited.

Chan will hold this position concurrently to this new role as advisor to the Secretary for Economy and Finance.

The GCS Director since 2000 Chanw as recently now appointed an advisor to the Office of the Secretary for Economy and Finance from July 1 to December 19 of this year.

His replacement former Macao Government Tourism Office (MGTO) Head of Licensing and Supervision Department, Inês Chan Lou, was sworn in by Chief executive Ho Iat Seng yesterday.

The new President of the Macau Investment Promotion Institute (IPIM), Lau Wai Meng, has been recently been appointed as Director of the Macau Investment and Development Limited Administration Council, replacing DSE Director, Tai Kin Ip.

Created in 2011 as an investment vehicle of the Macau SAR, Macau Investment and Development Limited is now the largest public capital company in the city, with a registered capital of some MOP9.2 billion.

About 94 per cent of the company’s capital is held the Macau SAR, with the Commercial and Industrial Development Fund and the Macau Trade and Investment Promotion Institute both holding a 3 per cent share.

Macau Investment and Development Limited is responsible for the development and operation of the Guangdong-Macao Co-operation Traditional Chinese Medicine Science and Technology Industrial Park (GMTCM Park) in Hengqin and is the parent company of local startup incubator Parafuturo de Macau Investment and Development Limited