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Chinese stocks extended their rally on Tuesday, with the CSI 300 index of shares listed in Shanghai and Shenzhen gaining 2 percent in early trading, although the rise slowed to 0.6 percent at the close. On Monday, the index surged 5.67 percent, its biggest daily gain in five years.

Citi and Deutsche Bank are the joint bookrunners on the deal. No pricing terms were disclosed.

Citigroup said business lending in Asia hasn't increased for the last three quarters and declined 7 percent in the second quarter from the same period a year ago.

Chinese spending this year has been directed at filling the hole in domestic demand related to the COVID-19 pandemic lockdown, but the scale of this thrust, at 3 percent of gross domestic product, is very modest compared with what took place in 2008, as well as what is currently occurring in all other major economies, according to the report.

Chui said that the Constitution and Basic Law, which guarantee Macao's successful implementation of the "one country, two systems" principle, must be upheld.