A Chinese clerk counts renminbi banknotes in Nantong, eastern China’s Jiangsu province (Photo/IC)
BEIJING – China’s Ministry of Finance announced on Wednesday that it will issue 5 billion yuan ($702 million) of renminbi-denominated bonds in the Macau Special Administrative Region on October 30.
This year marks the 25th anniversary of Macau’s return to the motherland. The ministry said the issuance demonstrates the central government’s support to the region to promote the development of modern finance and appropriate economic diversification.
This is the third consecutive year that the central government has issued RMB-denominated bonds in Macau, further improving the regular issuance mechanism, strengthening the foundation of Macau’s bond market, and providing investors with stable and safe investment options. It is useful for
According to the ministry, this will also have a positive effect on continuously optimizing the Macau bond market infrastructure, further expanding the range of investors and accelerating its integration with international markets.
