BEIJING – China issued 40 billion yuan ($5.63 billion) of ultra-long special treasury bonds with a term of 30 years on Friday, the first batch of its 1 trillion yuan of such bonds planned for this year. The bonds, with an interest rate of 2.57 percent, will be used to raise funds for implementing major … Continue reading China issues first batch of ultra-long special treasury bonds
Tag: bonds
China seen continuing to cut US debt holdings
A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] China is likely to continue to reduce the share of United States debt in its overall foreign exchange reserves as it ramps up efforts to diversify foreign asset portfolios to reduce risk exposure, experts said … Continue reading China seen continuing to cut US debt holdings
Financial de-risking remains key focus in future
MA XUEJING/CHINA DAILY China’s financial risks have been converging of late, but de-risking in the future will fundamentally depend on the stabilization and recovery of the economy. As the economy further improves, there will be greater room for resolving financial risks in key areas, and such risks are expected to remain within control this year. … Continue reading Financial de-risking remains key focus in future
Discussion in place for international investors to use renminbi bonds as collateral
A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] Financial authorities from the Chinese mainland and Hong Kong are mulling to facilitate international investors using their renminbi bond holdings as collateral for other products linked to renminbi-denominated assets to further promote financial opening-up. Rico Leung, … Continue reading Discussion in place for international investors to use renminbi bonds as collateral