On the 22nd, the Shenzhen Municipal Government successfully issued offshore RMB local government bonds for 2025 in the Hong Kong Special Administrative Region. This is the fifth consecutive year that Shenzhen has arranged for local government bonds to be issued, registered, managed, and listed in Hong Kong, continuously promoting the interconnectivity of financial markets in the Guangdong Hong Kong Macao Greater Bay Area. The scale of this bond issuance is 4 billion yuan, with a maturity of 2/5/10 years. Among them, the 2-year issuance scale is 1.5 billion yuan, with a pricing interest rate of 1.61%; The issuance scale of the 5-year (Greater Bay Area themed sustainable development bond) is 1 billion yuan, with a pricing interest rate of 1.80%. The funds raised will mainly be invested in projects such as clean transportation and water treatment; The issuance scale of the 10-year (social responsibility bond) is 1.5 billion yuan, with a pricing interest rate of 2.08%. The funds raised will mainly be invested in projects such as medical and health care, education, affordable housing, and urban village renovation. This issuance has received enthusiastic subscription from investors, attracting accounts from multiple countries and regions to place orders. The peak order multiple for bookkeeping pricing has reached 4.7 times. On September 9th, the Shenzhen Municipal Government successfully issued 1 billion yuan of offshore RMB local government bonds in Macau for the first time. With the amount of this issuance, the Shenzhen Municipal Government will issue a total of 5 billion yuan of offshore RMB local government bonds in 2025. Many industry insiders have stated that the funds raised from offshore RMB local government bonds will benefit major infrastructure construction projects in the Guangdong Hong Kong Macao Greater Bay Area, which is conducive to deepening cooperation between Shenzhen, Hong Kong, and Macao, and jointly building a world-class bay area. (New Society)