China to initiate issuance of ultra
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 articles
Chinese language proficiency contests held in Namibia
A Namibian student performs during the "Chinese Bridge" Chinese proficiency competitions i2024-05-19Beijing base to bring in 50 giant pandas in 2025
BEIJING, Feb. 28 (Xinhua) -- The Beijing base of the China Conservation and Research Center for Gian2024-05-19The top 10 cities for job hunters revealed
America's hottest job markets are no longer exclusive to the expensive coastal cities of California,2024-05-19China moves to provide convenient payment services for foreigners
BEIJING, Feb. 29 (Xinhua) -- The People's Bank of China (PBOC), the central bank, demanded concerted2024-05-19Team Penske in spotlight as it prepares run for Indy 500 pole with Larson a serious contender
INDIANAPOLIS (AP) — All of the attention ahead of qualifying for the Indianapolis 500 is squarely on2024-05-19Yankees pitcher Luis Gil gets 2nd big league win, 993 days after beating Orioles in debut
NEW YORK (AP) — On the 993rd day after Luis Gil won his major league debut, he got win No. 2.Now 252024-05-19
atest comment