Briefly

Book-entry discount T-bonds scheduled

The Ministry of Finance said on Thursday that it will auction 30 billion yuan ($4.21 billion) worth of book-entry discount treasury bonds the following day. With a term of 91 days, the bonds will be sold at a discounted price and mature at par value. The price will be determined through a competitive tender on Friday.

Internet firms log steady revenue growth

China's internet sector saw steady growth in business revenue in the first half, said the Ministry of Industry and Information Technology. In the first six months, China's major internet companies and related services firms generated 867.6 billion yuan ($121.6 billion) in business revenue, an increase of 5.6 percent year-on-year. This growth rate was 0.6 percentage point higher than that registered in the first five months. Specifically, business revenue of firms mainly providing information services soared 9.5 percent — 5 percentage points faster than the January-May period.

Xinhua - China Daily