Beijing, October 23, 2024 – The Europe Today: The Ministry of Finance of China announced on Wednesday that it will issue 5 billion yuan (approximately 702 million U.S. dollars) of yuan-denominated treasury bonds in the Macao Special Administrative Region on October 30. This marks a continued effort by the central government to support Macao’s financial development.
This issuance coincides with the 25th anniversary of Macao’s return to China, underscoring the central government’s commitment to promoting modern finance and fostering economic diversification in the region.
This will be the third consecutive year that yuan-denominated bonds are issued in Macao, signaling the establishment of a regular issuance mechanism. The Ministry of Finance emphasized that the move aims to strengthen the foundation of Macao’s bond market, offering investors secure and stable investment opportunities.
Furthermore, the bond issuance is expected to enhance the infrastructure of the Macao bond market, widen the range of investors, and accelerate its integration with global financial markets. This strategic initiative supports Macao’s long-term financial growth and international connectivity.
