Macao issued 2b yuan for Nansha's key infrastructure

An aerial view of Guangzhou's Nansha district. [Photo/WeChat account: nanshafabu]

In order to help Nansha become a major world-oriented strategic platform rooted in the Guangdong-Hong Kong-Macao Greater Bay Area, a 2-billion-yuan ($276 million) Guangzhou offshore local government bond was recently issued in Macao, local media outlets reported on Nov 4.

The bond will be used for Nanha's construction of major infrastructure projects, including the Qingsheng hub project and the Nansha hub project. The issuance period is three years, with an annual interest rate of 2.65 percent.

The issuance of the bond has been highly recognized by Macao, Hong Kong, and other international capital markets, further attracting global investors to invest in Nansha and showing China's firm determination to open up to the world.

In addition, it is expected to contribute to the further integration and development of the Greater Bay Area, as well as accelerate the construction of China's dual circulation development pattern.