Shenzhen Investment Holdings, the city government’s capital arm, has launched a new RMB1 billion special corporate bond focused on building Shenzhen’s side of the Lok Ma Chau Loop, the cross-border zone being developed with Hong Kong. The issuance has a 3+2 year maturity with a coupon rate of 3.72%, according to the Shenzhen Stock Exchange.
The hi-tech cooperation zone straddles the boundary between the two cities. Shenzhen’s portion covers 3 sq km, with a focus on artificial intelligence, smart manufacturing, biology, medicine and life sciences.
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