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AAM Magazine
September 2023
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Headwinds for a fund

By Hui Ching-hoo   
  • Asia
  • Global
  • Macau
Macau’s SSF has to contend with market volatility and an ageing population
Market volatility triggered by the coronavirus pandemic took a toll on Macau’s Social Security Fund (SSF) last year, with investment income falling 9.38%. And subsidies to the fund from the city’s gaming industry dived as travel restric...

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