Free Trial

China Quickens Special Bond Sales for Infra Investment: Journal

CHINA PRESS
MNI (Singapore)

China’s Ministry of Finance accelerated the approvals for local government special-purpose bonds to stabilize the economy, with CNY541.6 billion, or 37% of this year’s quota, issued by Feb. 10, China Securities Journal reported citing Wind data. There were no new special bonds issued yet in the same period last year. The proceeds from these debts, geared for infrastructure building, will stimulate the economy and financing activities, the Journal said citing economist Ming Ming with CITIC Securities. About 40% of the special bond proceeds were spent on municipal and industrial park infrastructure, the newspaper said citing analyst Zhou Yue of Zhongtai Securities.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.