NewzThe People's Government of Guangdong Province has successfully issued 2.5 billion yuan, equivalent to approximately $350 million, in offshore RMB-denominated local government bonds. The issuance took place in Macao and was facilitated by the Monetary Authority of Macao.
This financial activity represents a strategic move in the regional bond market, utilizing Macao as a platform for offshore RMB fundraising. The issuance serves to broaden the scope of local government financing while strengthening economic cooperation between Guangdong and Macao.
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