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China to issue 6b yuan sovereign bonds in Macao for fifth year_我的网站

A |     (ECNS) -- The core structure of a 110-meter radio telescope in Xinjiang has been installed, marking a major milestone for what will become one of the world’s most precise radio telescopes of its size, capable of conducting observations at high radio frequencies.    Located in Qitai County, Xinjiang Uygur Autonomous Region , the telescope is built by China Electronics Technology Group Corporation (CETC).    The completion of the antenna support structure has allowed the project to move into the installation of the elevation structure. Once completed, the telescope will support China’s deep-space exploration.    Ma Wengang, a representative of the project, noted that the telescope’s main structure is designed to support a movable section weighing more than 3,000 metric tons and enable 360-degree rotation around the vertical axis.    According to Xu Qian, chief engineer of the antenna system, the telescope will achieve arcsecond-level pointing accuracy after completion, roughly equivalent to spotting a ping-pong ball from 3.3 kilometers away.    Construction of the 110-meter radio telescope began in September 2022. The main structure is expected to be completed in 2027, with the telescope scheduled to enter full operation in 2028.    (By Liu Shuangjing, Zhang Dongfang)                    。    

    A concept photo of currencies and financial market Illustration: VCG
The Macao Special Administrative Region (SAR) government said on Monday that the central government will issue 6 billion yuan ($889.20 million) of sovereign bonds in Macao on August 20.
This year marks the fifth consecutive year that the central government is issuing yuan-denominated sovereign bonds in Macao, a move that shows the central government's strong support for Macao's appropriate economic diversification and further strengthens the competitiveness of Macao's featured financial industry, according to a joint statement issued by China's Ministry of Finance and the Macao SAR government.
The announcement noted that the issuance features a more diversified structure, which is expected to improve the regular issuance mechanism while providing investors with safer and more stable yuan-denominated investment options.
The Macao SAR government said that the move fully demonstrates the importance the central government attaches to, and its support for Macao in accelerating the cultivation of the bond market, promoting the quality development of the featured financial sector, and fostering the appropriate diversification of the economy. 
The continued issuance of sovereign bonds is believed to attract a broader spectrum of high-quality issuers and international investors to participate in Macao's bond market, better leverage Macao's advantages and strategic role in the nation's opening-up, and support Macao in better integrating into and serving the overall national development, said the statement released by the Macao SAR government.
With this issuance, the cumulative yuan-denominated sovereign bond issuance in Macao will reach 27 billion yuan since the Ministry of Finance first entered the market in 2019. 
Global Times
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