Bonds: Macao and Zou

bonds: The bond issuance is in recognition of the 20th anniversary of Macao's return to the motherland, Zou Jiayi, vice finance minister, said at the issuance ceremony held on Friday, according to Global Times China. Zou also said that it will help to support Macao's financial development, enhance its economic and financial ties with the mainland, and allow Macao's economy to be further involved in the international market. The bonds include 1.7 billion yuan worth of three-year institutional notes at 3.05 percent and 300 million yuan worth of two-year bonds at 3.3 percent for local retail investors, according to the ministry. Zou added that retail treasury bonds are a direct way for Macao residents to participate in China's economic development and share in the dividends of China's economic growth. Macao has long relied on the gaming industry, which is its main revenue source. As industry structure in Macao is comparatively singular, the move will provide local investors with more sound and stable investment options, Dong Dengxin, director of the Financial Securities Institute at the Wuhan University of Science and Technology, told the Global Times on Friday. (news.financializer.com). As reported in the news.