Briefly

Sovereign bonds to be issued in Macao

The Macao Special Administrative Region government said that the Ministry of Finance will issue sovereign bonds totaling 6 billion yuan ($836.25 million) in Macao on July 16. A joint announcement made by the MOF and the Macao SAR government noted that the continued issuance of renminbi-denominated sovereign bonds in Macao demonstrates the central government's support for the SAR government in expediting the cultivation of the bond market and other new financial businesses, thereby advancing the appropriate diversification of the economy.

Yuan strengthens against greenback