In order to attract financial services to the gaming hotspot of Macau, China will issue yuan bonds there.

The government has recently conducted its third offshore bond sale in Macau, with a staggering amount of 5 billion yuan (US$685 million). This follows the successful debut 2 billion yuan issue in 2019 and last year's 3 billion yuan sale. The purpose of this bond issue, as stated by China's Ministry of Finance, is to provide support for Macau's financial sector development and ensure the appropriate diversification of its economy.

 

[Btaliat]

China has always been trying to diversify its economy and always make sure that she pursued this regularly. Then will make sure that the economy of the country was strengthned and revenue is generated through other means.