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

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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
。 Vladimir Putin has prepared a cunning new “raw materials trap” relying on Bolivia’s fledgling lithium mining industry, with the trap expected to “snap shut” and leave the West again dependent on Russia for its raw material needs, Welt contributor Tobias Kaufer fears.,Pointing to the Latin American nation’s massive, untapped deposits of lithium, Kaufer expressed concerns over Russia’s interest in helping Sucre tap these resources, which are crucial for the production of batteries for electric vehicles.,According to the US Geological Survey, Bolivia’s proven lithium reserves are the largest in the world, with the country’s 21 million tons ahead of Argentina and Chile (which have 19 and 9.8 million tons-worth of reserves, respectively, and together account for more than 30 percent of global lithium output).,“Those with access to the deposits can have a say in the commodity’s prices and availability. Russia apparently has particularly good chances in Bolivia at the moment,” Kaufer wrote. For Europe, he warned, Moscow’s success in the lithium ‘poker game’ would make the commodity another area where the EU depends on Russia, just like with oil and gas.,Russia’s success will be contingent on “the outcome of the Bolivian political crime thriller,” the contributor stressed, pointing to the raging struggle between President Luis Arce, a member of former president Evo Morales’ Movement for Socialism party, and right-wing forces backed by the US attempting to overthrow leftist forces.,Ex-Bolivian President Jeanine Anez Sentenced to 10 Years in Prison Over 2019 Coup11 June, 01:54 GMT,“This is where Russia comes in. Morales is considered a clear supporter of Vladimir Putin,” Kaufer wrote, recalling the former president’s calls for an “international mobilization to stop the interventionist expansionism of NATO and the United States” in March following the escalation of the crisis in Ukraine, and years of efforts by Sucre to shore up ties with Moscow during his presidency.,“If Moscow now succeeds in supporting the socialist’s return to power, the path to the lithium deposits would be clear. At the very least, Morales could urge President Arce to sign a deal with the Russians,” the Welt contributor believes.,Rosatom, the Russian state nuclear giant, has expressed interest in helping Bolivia tap its lithium riches, and is one of six companies which have applied for their development. Others include Lilac Solutions (a US-based start-up with investments from BMW and Bill Gates’ Breakthrough Energy Ventures), Chinese battery giant CATL, and three other Chinese companies.,Along with its interest in Bolivia’s lithium, Rosatom has teamed up with Norilsk Nickel to mine for lithium ores in Russia’s Murmansk region. Last year, the company also announced plans to build a major lithium ion cell manufacturing facility in Kaliningrad, with the ambitious project hoping to begin churning out up to 4 GWh worth of batteries, or about 0.5 percent of total global demand, by 2024.,Morales' Legacy: Bolivian Joint Nuclear Project With Russia's Rosatom Unique for Latin America10 June 2021, 16:53 GMT。

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