On the 4th, it was learned from the Monetary Authority of the Macau SAR Government that Fitch Ratings Limited announced the maintenance of the Macau SAR's "AA" long-term credit rating for domestic and foreign currency issuers, with a rating outlook of "stable". The Hong Kong Monetary Authority believes that Fitch Ratings maintains the Macau SAR's third highest level "AA" rating, mainly based on the SAR's very stable public finance and external revenue and expenditure situation, as well as the SAR government's adherence to prudent financial management even during economic adjustment periods. At the same time, Fitch expects further growth in the tourism industry and non gambling investment, coupled with the relaxation of tourism policies for mainland residents and continuous optimization of tourism infrastructure, which will provide support for the economic prospects of the Macao Special Administrative Region. According to Fitch's rating definition, an "AA" rating indicates having very robust financial strength to fulfill financial commitments, and this strength is not easily affected by foreseeable events, so the risk of expected default is extremely low. The investment situation of the Macao Special Administrative Region's fiscal reserves in 2024, released by the Hong Kong Monetary Authority at the end of February, showed that through diversified and balanced asset allocation, the Macao Special Administrative Region's fiscal reserves recorded an investment income of MOP 30.95 billion in 2024, with an annual return rate of 5.3%. As of the end of 2024, the capital amount of fiscal reserves is 616.21 billion Macau dollars, of which the basic reserves and excess reserves are 153.39 billion Macau dollars and 462.82 billion Macau dollars, respectively. (New Society)