Bonds as a means to ride B&R

Gansu GHATG's securities shine, herald new path to development

Gansu Provincial Highway Aviation Tourism Investment Group Co or GHATG, the largest State-owned enterprise by asset volume in Northwest China's Gansu province, plans to sell more bonds to investors in major European economies, including the United Kingdom, Germany and France, in the second half of this year.

That GHATG is keen to boost its earning capacity is a given. It issued its first round of euro-denominated bonds in Hong Kong and Europe last month. Its three-year bonds to the global market in late December for 410 million euros ($500.7 million) are part of a major move by GHATG to heed the country's call and participate in the development of the Belt and Road Initiative.