People's Daily Online, Macau, February 28 (Reporter Mao Lei) In response to the Macao SAR government's call to fight the epidemic, and support SMEs affected by the epidemic to overcome difficulties as soon as possible to resume production, Bank of China Macau Branch successfully issued SMEs on February 27. Corporate social responsibility bonds for epidemic prevention and control. The funds raised from the bonds will be used to support special loans for SMEs in Macao to fight epidemics, as well as to meet the funding needs in areas related to epidemic prevention and control, such as medical and health care, and medical device manufacturing. Production and stable economic environment provide more diversified services.
In addition to the listing of the bonds on the Hong Kong Stock Exchange, the issued portion of the pataca will also be listed on the China (Macau) Financial Assets Trading Co., Ltd., involving two-year pataca and Hong Kong dollar dual currency bonds to raise funds. It is worth 5 billion patacas. BOC Macau's bond issuance is based on actual actions in response to the SAR government's call to support SMEs to overcome difficulties as soon as possible. The bond is the first bond issue in the overseas market with anti-epidemic themes, and it is also the first bond to be certified by a Chinese company in the overseas market. In order to ensure that the bond issuance funds can be used by the people, this bond has specially hired Ernst & Young, an international certification agency, to conduct "Social Responsibility Certification" to ensure that the relevant projects have real social benefits and the raised funds can fully flow into the real economy. Effectively promote the recovery of production, aiming to effectively reduce the financing costs of local SMEs and help enterprises to turn crisis into opportunities.
Difficulty and expensive financing for SMEs are a global problem. Since the outbreak of the new pneumonia epidemic, the operating environment for SMEs in Macao has become even worse. Bank of China Macau Branch is committed to society. In addition to the recent launch of a series of comprehensive anti-epidemic loans and other measures, we fully cooperate In addition to connecting with the government's SME assistance plan, together with this bond issuance, the Bank of Macau has provided SMEs with "three-in-one" anti-epidemic funding support, and is committed to assisting SMEs to protect operating funds through difficult times and work with all sectors of society to promote the early development of the Macau economy Restore prosperity.
BOC Macau took the initiative from the bank itself and immediately launched special anti-epidemic loans of no less than 5 billion patacas for small and medium-sized enterprises in the early stage of the outbreak, and formulated the "SME Anti-epidemic Assistance Loan" and "Branch Building Mortgage Assistance Program" "," Branch Charity Fund Custody Service "and other anti-epidemic support programs to solve the urgent needs of customers. BOC Macau supports the Government's SME Assistance Program to provide a number of connectable services. The bond issuance is an important measure for BOC to solve the difficulty of financing SMEs under the current epidemic situation. It uses the power of financial markets and professional investors to raise funds and is specifically used to help SMEs strengthen their ability to resist the epidemic and get out of the epidemic as soon as possible. Difficult dilemmas of influence.
2020 is the 70th anniversary of the founding of the Bank of China Macau Branch. For many years, BOC Macau has always adhered to the business purpose of “rooting in Macau and serving Macau”, and has long supported the development of SMEs in Macau. Take the initiative to visit major societies to understand the actual needs of SMEs and tailor-made personal assistance services. With the successful issuance of the "Special SME Epidemic Prevention and Control Social Responsibility Bonds", it will further support the short-, medium-, and long-term funding needs of SMEs and escort them. The Bank of Macau hopes to continue to play the core role of local financial stability, continue to contribute to the smooth operation of the Macao economy, and support citizens' enterprises to get out of the predicament and start on a new track. (Finish)