Bond issuances to bolster Greater Bay Area development

Special bond issuances in the domestic and overseas markets are set to further bolster the development of the Guangdong-Hong Kong-Macao Greater Bay Area, experts said.

The bond market has already played a significant role in the area's infrastructure construction. Guangdong has already issued government bonds worth 50 billion yuan ($7 billion) to support over 500 projects.

Guangdong Holdings Ltd in September successfully issued a 600-million-yuan bond to raise funds for setting up an industrial zone for innovative technologies in Dongguan.