Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap China to initiate issuance of ultra !

China to initiate issuance of ultra

Time:2024-05-19 19:36:22 source:International Issue news portal

An aerial drone photo taken on March 29, 2024 shows a construction site on the expressway linking east China's Shanghai and northwest China's Shaanxi Province. [Photo/Xinhua]

China will issue ultra-long special treasury bonds starting Friday to raise funds for the implementation of major national strategies and build up security capacity in key areas, the Ministry of Finance said Monday.

The country plans to initiate the issuance of such bonds with terms of 20 years, 30 years and 50 years on May 24, May 17 and June 14, respectively. The issuance of the last batch of these bonds will be completed by mid-November, according to the ministry.

China has planned for the issuing of ultra-long special treasury bonds during each of the next several years, starting with 1 trillion yuan (about 140.79 billion U.S. dollars) of such bonds in 2024.

The bonds will be used to support work in multiple fields, including science and technology innovation, integrated urban-rural development, coordinated regional development, food and energy security, and high-quality population growth, Zheng Shanjie, director of the National Development and Reform Commission, said earlier.

Related information
  • 2 shot dead on outskirts of Paris
  • Shocking moment Oakland jewelry shop owner cowers in terror as gang of hammer
  • 'Not our stance': Expert advice on mine application riles councillors
  • More than 30m Americans could face drinking water crisis as officials find major flaws in US dam
  • Cannes Film Festival: See the red carpet photos from week 1
  • Penny Lancaster, 53, showcases her endless legs in a thigh
  • Indiana mother Raeleigh Phillips charged with murdering nine
  • Netflix fans are left STUNNED by the streaming site's 'most UNHINGED' show yet
Recommended content
  • Hamas says permanent Gaza ceasefire 'cornerstone' for agreement with Israel
  • Person in serious condition after incident in Feilding
  • Afternoon tea makes a comeback thanks to the snap
  • Khloe Kardashian seen for the first time since OJ Simpson's death
  • Gazdag, Carranza, Semmle lead Union to 3
  • JANET STREET