Reported 3 days ago
Macau is experiencing a surge in bond listings as it seeks to diversify its economy beyond gambling, with $28.1 billion in bonds currently trading on the local Chongwa Financial Asset Exchange. The majority of these bonds are yuan-denominated and issued by local government financing vehicles, marking a significant increase from earlier years. Efforts are being made to enhance the bond market's appeal, including a streamlined registration process and potential partnerships with international exchanges, as local authorities aim to position Macau as a key venue for bond issuance in Asia.
Source: YAHOO