China's Ministry of Finance to issue 6 bln yuan of treasury bonds in Macao

(ECNS) -- China's Ministry of Finance (MOF) will issue 6 billion yuan (about $836.3 million) of treasury bonds in the Macao Special Administrative Region (SAR) on Wednesday.

This issuance marks the fourth consecutive year that the central government has issued renminbi-denominated sovereign bonds in Macao, and is also the first batch of Macao renminbi treasury bonds issued after the connection between the bond market infrastructures in Hong Kong and Macao.

A joint announcement made by the MOF and the Macao SAR government noted that the continued issuance of renminbi-denominated sovereign bonds in Macao demonstrates the central government's support for the SAR government in expediting the cultivation of the bond market and other new financial businesses, thereby advancing the appropriate diversification of the economy.

Business insiders said that it is conducive to further optimizing a regular issuance mechanism, helping Macao with bond market infrastructure construction, and attracting international investors to participate in Macao's bond market.

(By Zhang Dongfang)