Macau pushes to connect RMB bond markets

With the central bank issuing RMB2 billionin RMB-dominated treasury bonds in Macau for the first time today, market participants have high hopes for future development. Chongwa (Macau) Financial Asset Exchange Company (MOX), the first bond management and exchange platform in Macau, has signed a cooperation memo with China Central Depository and Clearing Company (CCDC) to promote the interconnection of their respective bond markets. 

This memo mainly focuses on the construction of a distribution system and other infrastructure development. Earlier last month, Macau was said to be considering launching a yuan-based stock market but no further details have been announced. 

Readmore in Chinese. 

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