The Bank of China Macao Branch actively responded to the MCSD bond repo business launched by the Macao Special Administrative Region Financial Authority on February 1 on the basis of the current Macao dollar financial note repo. It has completed the first batch of local bond repo business in Macao in a short time, making contributions to improving the bond market and promoting the development of modern finance, and fully cooperating with the Macao Special Administrative Region Government to promote the "1+4" moderately diversified development. MCSD bond repo business is a Macao dollar and RMB financing business that uses high-quality bonds such as MCSD bonds, local government bonds and policy bank bonds issued and managed in Macao as collateral for repo. With the support of the Macao Monetary Authority and MCSD, Bank of China in Macao quickly began to sign tripartite agreements, straighten out business processes, carry out system tests, and complete all preparations before the transaction in a very short time, which not only enriched the liquidity emergency measures of Bank of China in Macao, but also effectively promoted the development of local financial innovation in Macao. The implementation of the first batch of MCSD bond repurchase business is that Bank of China in Macao once again plays a leading role in the construction of local bond market after issuing the first batch of local MCSD dollar bonds and the first batch of MCSD certificates of deposit. It fully reflects the social responsibility and professional ability of Bank of China in Macao, as the full-featured mainstream commercial bank with the largest market share in Macao, to continue to promote the moderate diversification of Macao's economy and the construction of financial modernization. It is reported that from 2019 to 2022, Bank of China in Macao issued more than 36.9 billion Macao dollars of bonds in the international market, many of which were benchmark issues of great strategic value and innovative significance, including "green bonds", "anti-epidemic bonds", "blue bonds", "biodiversity theme green bonds" and "MCSD bonds", which further enriched the variety of market bonds. In the future, the Bank of China in Macao will further give play to the group's professional advantages of "globalization and integration", actively promote cooperation between Macao and domestic and foreign markets in various fields, promote high-quality construction of Macao's bond market, and support the diversified development of Macao's economy. (Xinhua News Agency)
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：people.cn
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