China News Service, Guangzhou, January 12 (Reporter Tang Guijiang) Guangzhou Branch of the People's Bank of China introduced on the 12th that the Guangdong Society of Finance and the Macau Association of Banks jointly formulated and released the "Reference on the Process of Issuing Green Bonds by Mainland Non-financial Enterprises in Macau".
It is reported that this is the first non-financial enterprise in mainland China to issue green bonds in Macau for reference.
In December 2021, Mingyang Smart Energy Group Co., Ltd. (hereinafter referred to as: Mingyang Group) successfully issued a 3-year green bond of US$200 million in the Macau bond market, which is the first non-financial corporate green bond issued in the Macau bond market. .
In order to allow more mainland non-financial enterprises to understand and master the relevant operational points and business processes of issuing green bonds in Macao, the Guangdong Institute of Finance and Banking, in conjunction with the Macau Association of Banks, is reviewing and summarizing the current policies and regulations on the issuance of bonds by mainland enterprises in Macao and Mingyang Group. Based on the experience of issuing green bonds in Macao, the "Process Reference" was released.
The "Process Reference" includes: policies and regulations on overseas bond issuance by mainland enterprises; conditions for green bond issuance in Macao, including general bond issuance conditions and green bond issuance conditions; main procedures for mainland non-financial enterprises to issue bonds in Macao; Macao Approval procedures for green bond issuance; list of materials required for foreign debt filing and registration with the National Development and Reform Commission, submitting an application for approval to the Macau regulatory authority, and handling foreign debt signing and registration with the local foreign exchange bureau.
The Guangzhou Branch of the People's Bank of China stated that in the context of deepening the financial cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area and accelerating the development of the Greater Bay Area, the formulation and release of the Mainland's first reference on the process of issuing green bonds overseas by enterprises can help more non-profit organizations in the Mainland. Provide policy reference and operational guidelines for financial enterprises to issue green bonds and conduct cross-border financing in Macao.
It is reported that in December 2018, the Guangdong Society of Finance and the Macau Association of Banks signed the "Memorandum of Cooperation on Jointly Promoting the Belt and Road Initiative and the Construction of the Guangdong-Hong Kong-Macao Greater Bay Area". High-end financial think tanks in Australia and Australia are a pragmatic measure to implement the Memorandum of Cooperation and further deepen exchanges and cooperation.