Free Trial

China Should Consider Special Treasury Bonds To Fill Funding Gap In H2: Journal

CHINA PRESS
MNI (Singapore)

China should consider issuing special treasury bonds or front-load next year’s local government special bond quota in the second half of this year to help fund infrastructure investment, the China Securities Journal reported citing analysts. China aims to issue all CNY3.65 trillion of this year’s special bonds by end-June to help accelerate infrastructure construction, leaving a funding gap in H2, the newspaper said. Other potential policies to fill the gap include increasing the credit lines of policy banks, lowering the reserve requirement ratio, or putting forward pledged supplementary lending (PSL), the newspaper said citing Xiong Yuan, chief economist of Guosheng 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.