The central government will issue government bonds worth 2 billion yuan (2.34 billion patacas) in Macau next Thursday, the Ministry of Finance and the local government announced yesterday.
The move will further strengthen financial cooperation between the mainland and the Macau Special Administrative Region (MSAR), and provide investors with safe and sound investment options, the joint announcement said.
According to a statement by the Macau Government’s Spokesperson’s Office, the local government welcomes the issuance of the yuan bonds in Macau, noting that it “marks a milestone in the development of Macau’s financial sector and accelerates progress regarding the development of a local bond market”.
