Student visa- Queries

Hello, I have an offer for PhD studies from University of Macau . The offer is fully funded which means there is no tuition fee plus the university is providing me accommodation. I am an indian national. How much funds do I have to show in this case for a Visa? Should I show any funds at all or the fact that university is taking care of me financially is enough. Also, how long does it take for a Macau Student Visa (Long term Multiple Entry) to get processed?

Please advise.