FX.co ★ China to Issue CNY 6 Billion in Sovereign Bonds in Macau

China's Finance Ministry is set to issue CNY 6 billion in sovereign bonds within the Macau Special Administrative Region (SAR) on July 16, as reported by Xinhua News on Wednesday. This marks the fourth consecutive year of such an issuance. A joint statement from the Ministry and the SAR highlighted this move as an affirmation of Beijing's commitment to supporting Macau's bond market development and fostering economic diversification. The progressively increasing issuances are designed to optimize regular bond offerings and provide investors with a stable investment vehicle. Furthermore, the Macau government anticipates that this ongoing issuance will attract international investors, bolster the offshore renminbi market in Macau, and strengthen financial ties between the mainland and the SAR.