Macao Monetary Authority: Welcome Shenzhen's first issuance of local government bonds in Macao.

With the support of the Ministry of Finance and the Shenzhen Municipal People's Government, Shenzhen is set to issue the first offshore RMB local government bonds in Macao in early September. The issuance is expected to be 1 billion RMB, with green bonds themed on climate change and targeted at professional investors. The Monetary Authority of Macao welcomes Shenzhen's first issuance of local government bonds in Macao. Following the issuance of national bonds in Macao by the Ministry of Finance and local government bonds in Macao by Guangdong Province, this issuance is another important initiative to accelerate the development of the Macao bond market, demonstrating the strong support and high regard of the central government and Shenzhen towards the modernization of Macao's financial industry and the promotion of moderate economic diversification. The Monetary Authority of Macao sincerely thanks the central government and the Shenzhen Municipal People's Government for their support. Against the backdrop of deepening financial cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area, Shenzhen's inaugural issuance of offshore RMB local government bonds in Macao represents an innovative breakthrough in cross-border financial cooperation between Shenzhen and Macao, as well as another important milestone in the development of the Macao bond market. This issuance will help further enrich the variety of the Macao bond market, encourage more issuers to issue green bonds in Macao, and demonstrate the joint efforts of Shenzhen and Macao in promoting the coordinated development in the green and sustainable sectors of the Greater Bay Area.