The Ministry of Finance of the People’s Republic of China has appointed the Bank of China Macau Branch as the coordinator for the upcoming issuance of RMB 3 billion (MOP3.5 billion) government bonds on September 7 (Wednesday), Chinese language newspaper Macau Daily reported.
Other 16 financial institutions and banks participating in the insurance include: Bank of Communications Macau Branch, Industrial and Commercial Bank of China (Macau) Limited, China Construction Bank Macau Branch, CLSA Ltd., China International Capital Corporation Limited, China International Capital Corporation Limited, CMB Wing Lung Bank, China Galaxy International Financial Holdings Limited, HSBC Holdings plc, Standard Chartered PLC, Haitong Bank, Agricultural Bank Of China Limited Macau Branch, Tai Fung Bank, China Guangfa Bank Macau Branch, Macau Chinese Bank, and Macao Development Bank Limited.
On September 7 (Wednesday), The Central Government will issue government bonds in RMB 3 billion (MOP3.5 billion) in the Macau Special Administrative Region, the Ministry of Finance of the People’s Republic of China and the SAR Government announced by the end of August.
The measure is another crucial initiative by the Central Government to support Macau to develop a modern finance industry, and to facilitate the city’s effort at adequate economic diversification, the statement published by the Government Information Bureau (GCS) indicated.
