LINE

Text:AAAPrint
Economy

China to roll over 600 bln yuan of special treasury bonds

1
2017-08-23 11:17Xinhua Editor: Gu Liping ECNS App Download

China will roll over 600 billion yuan (about 90 billion U.S. dollars) of special treasury bonds due next week, the Ministry of Finance (MOF) said Tuesday.

As the treasury bonds issued in 2007 will mature on Aug. 29, the MOF will issue another 600 billion yuan to banks, including 400 billion yuan of seven-year bonds and 200 billion yuan of 10-year bonds, with market-based yields, the MOF said in a statement.

The special issue will not impact liquidity in the financial markets and banking system, the People's Bank of China (PBOC) said in a statement.

While the MOF will issue bonds in the primary market, the central bank will buy the special bonds in secondary market, so that the total debt level and the balance sheet items of the central bank will remain stable, said Xu Zhong, an official with the PBOC.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.