Chinese premier stresses good use of ultra-long special treasury bonds

BEIJING -- Chinese Premier Li Qiang on Monday stressed the need to issue and make good use of ultra-long special treasury bonds to support the implementation of major national strategies and build up security capacity in key areas.

The issuance of ultra-long special treasury bonds is conducive to advancing Chinese modernization, promoting high-quality development, and seizing the initiative in development, Li said at a video conference.

He urged efforts to strengthen project management and build a number of landmark projects, as well as to overcome deep-rooted obstacles through reforms and innovative measures.

China should make good use of both conventional and unconventional policies, strengthen coordination between fiscal and monetary instruments, and guide more financial resources into the real economy, the premier said.

More efforts are required to guide private capital to participate in the building of major projects and fully stimulate the vitality of private investment, he added.

Vice-Premier Ding Xuexiang presided over the meeting.