The central government will issue 3 billion yuan (MOP3.5 billion) government bonds in the Macau Special Administrative Region on Sept. 7, the People’s Republic of China Ministry of Finance and the special administrative region government announced today (Wednesday).
The measure is another important initiative by the central government to help Macau develop a modern financial industry and promote Macau’s efforts towards appropriate economic diversification, the government said. A statement released today by the Office of Intelligence (GCS) shows:
The SAR government welcomed the issuance of bonds by the central government and thanked the central government for its support initiatives for Macau.
The issuance of renminbi bonds aims to provide new investment options for professional investors, according to a government statement. This will not only strengthen cooperation in financial services between the mainland and Macau, but also help attract more bond issuers and international investors to participate in Macau’s bond market development. bond market.
The issuance of RMB bonds will also help revitalize Macau’s offshore RMB market and promote the internationalization of the RMB as a currency.
