Dollar funds for Gansu infra show foreign investors upbeat on China

Gansu Provincial Highway Aviation Tourism Investment Group Co, the largest State-owned enterprise of Northwest China's Gansu province by asset volume, will issue the second round of US dollar-denominated bonds in European markets in the second half of this year.

The company plans to sell the bonds to investors in major European economies including the United Kingdom, Germany and France between June and December.

It had issued $500 million bonds in the global market in November 2016. The company's bond issue is part of a major move by Gansu to participate in and strengthen the Belt and Road Initiative.