The Shenzhen Municipal Government recently successfully issued 1 billion yuan offshore RMB local government bonds in the Macau Special Administrative Region for the first time. This is another pioneering move by Shenzhen after issuing local government bonds overseas for four consecutive years, which will deepen the coordinated development of the two places in the bond market, green finance and other fields, and help Macao's economy to moderately diversify and integrate into the national development plan. This issuance of one climate change themed green bond worth 1 billion yuan, with a 3-year term and a pricing interest rate of 1.74%, will raise funds for projects such as clean transportation. This issuance received enthusiastic subscription from investors, with a peak bookkeeping value of RMB 6.62 billion and a subscription multiple of 6.62 times, setting a new historical high for the multiple of RMB bond issuance orders in Macau. Meanwhile, market orders exceeding 50% of the issuance scale demonstrate investors' recognition of Shenzhen. (New Society)