Since the establishment of the sole bond issuing and listing institution in December 2018, Macau has had a total of 132 bond issuances and listings as of August this year, with a total of MOP344 billion (USD43 billion). It is over.
The news was published today (Wednesday) in the Macao Daily News by financial institution Chongwa (Macao) Financial Asset Exchange Co., Ltd (MOX).
A local Chinese-language newspaper quoted MOX as saying the size of bond issuances and listings here will reach MOP156.4 billion in 2021 alone, more than double from MOP78 billion in 2020.
According to MOX, the development of Macau’s bond market has only begun in recent years, but given the institutional and geographical advantages Macau enjoys, the pace of development is “stable and healthy.” is.
The agency also said that the 3 billion RMB (MOP349 million / US$434 million) government bonds issued by the Chinese central government in Macau today will strengthen financial cooperation between mainland China and Macau and encourage “more quality issuers and international investors’ participation in local bond markets.
It is the second time the central government has issued sovereign bonds in Macau, following a RMB 2 billion bond issued in July 2019.
The latest bond issuance is seen as part of a key initiative by the central government to support the development of Macau’s modern financial industry and promote appropriate economic diversification from gaming.