Macau has issued debt instruments are capitalising on policy developments in Hong Kong, where the financial hub is cementing its linkages among the Special Administrative Regions SARs and across the Greater Bay Area GBA.
The trends come as bankers have noted cheaper for longer’ Renminbi Rmb funding costs concurrently with the introduction of repurchase arrangements which are expected to boost liquidity in the offshore debt space.
In the first three months of this year, 96 bonds were listed on Chongwa Macau Financial Asset Exchange MOX, totalling more than MOP82 billion $10 billion. The number represents a jump from the 73 deals and...