Briefly

Nation to issue special treasury bonds

China will issue this year's fourth batch of ultralong special treasury bonds on July 24, the Ministry of Finance said on Wednesday. The bonds worth 55 billion yuan ($7.7 billion) will be issued for a term of 30 years and an interest rate depending on competitive bidding. Ultra-long special treasury bonds typically refer to those with a tenor of more than 10 years. The bond issuance will help boost market confidence and expectations, and better support economic development, according to analysts.

Bank launches bonds for Belt, Road projects

The Export-Import Bank of China (China EximBank) has launched financial bonds to boost cooperation for the Belt and Road Initiative (BRI) in both interbank and over-the-counter markets. This is the first time that such bonds, maturing in three years, are being traded beyond the interbank market, with the funds raised aimed at supporting China EximBank's BRI projects, according to the bank.

Xinhua - China Daily