MACAO, May 24 (Xinhua) -- China's Macao Special Administrative Region's (SAR) fiscal reserve reached 472.3 billion patacas (about 58.97 billion U.S. dollars) at the end of March this year.
The basic reserves accounted for 127.95 billion patacas (about 15.97 billion U.S. dollars) and the excess reserves took up 344.41 billion patacas, the SAR's monetary authority said Tuesday.
In the first quarter, the asset allocation of the fiscal reserve continued to include global bonds, global equities and money market instruments.
The annual investment income for fiscal reserve totaled 4.39 billion patacas, equivalent to an annual return of 3.9 percent.
The income from equity investment became the largest source for the fiscal reserve for the period, due to the recovery of global equity markets. Investment in the traditionally stable fixed income market and money market also generated a steady income at the same time, the monetary authority said.
