On May 16, Guangdong-Macao In-Depth Cooperation Zone in Hengqin saw the issuance of the first corporate bond in the region by Zhuhai-based Huafa Investment Holdings Group at a cooperation zone bond support policy exchange meeting in Hengqin International Finance Center.
The group has also become the first business in the Cooperation Zone to issue bonds in Macao in Chongwa (Macao) Financial Asset Exchange Co., Ltd. on April 28. Simultaneously, its bonds were also listed overseas in Luxembourg Stock Exchange. It was the first "non-financial corporate bonds" denominated in the Chinese currency to be listed on the bond market of Macao. The Hengqin authorities also said they were also the first bonds to be traded, book-kept, and priced in Chinese, English, and Portuguese. It is an effective effort for enterprises in the Cooperation Zone to issue bonds in Macao and to connect with the capital markets of Portuguese-speaking countries via Macao's capital market.
The meeting attracted ten financial institutions including Chongwa (Macao) Financial Asset Exchange Co., Ltd. and the Macao Central Securities Depository and Clearing Limited to explore new opportunities and paths for the development of the bond market of Guangdong and Macao.
Officials from the Hengqin authorities briefed the supportive policies for enterprises issuing bonds in Macao based on the draft of the special support measures.
According to the special support measures, the supportive standard for bond issuance by enterprises in the Cooperation Zone is that 2% of the raised funds will be given as a one-time subsidy, with a maximum of 5 million RMB. Compared with the original measures, the forthcoming revised one will further enhance the attractiveness of companies to issue bonds in Macao. The revised one has been approved by the Executive Committee of Guangdong-Macao In-Depth Cooperation Zone in Hengqin and will be officially implemented in the near future.
Earlier on February, 30 specific measures on financial support for the construction of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin were issued, focusing on building a financial environment that facilitates the life and employment of Macao residents, promoting the connectivity of financial market and infrastructure between the Cooperation zone and Macao, developing a modern financial industry that boosts Macao's appropriately diversified development, promoting cross-border trade and investment facilitation.
The representative from Huafa Group noted that these measures would help attract more enterprises to settle down in the Cooperation Zone and enable them to take advantage of both domestic and foreign markets and resources.
Reporter | Nancy
Editor | Olivia, Nan, Will, Jerry
Photo | Executive Committee of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin
