The Central Government will issue on 4 July, 2 billion renminbi-worth of government bonds in Macao, announced today the Ministry of Finance of the People’s Republic of China, and the Government of the Macao Special Administrative Region (SAR).

The Macao SAR Government welcomes the issuance of the renminbi bonds in Macao, noting it marks a milestone in the development of Macao’s financial sector and accelerates progress regarding development of a local bond market.

The Central Government’s decision to issue government bonds for the first time in Macao – and in particular during the year that will mark the 20th anniversary of the Macao SAR – demonstrates the Central Government’s support for Macao’s specialised financial services and for the city’s adequate economic diversification effort.

The bonds will appeal not only to corporate investors but will also provide the Macao public with an option for prudent investment. The Macao public will be able to subscribe to the bonds via participating banks. Detailed information regarding the distribution network for the product will be made available in a guidance manual on the government bonds and via announcements by competent authorities.