China plans to issue special ultra-long term treasury bonds to raise 1 trillion yuan

  • Meeting to be held today on the plans

China's finance ministry will hold a meeting on Monday with key market players to discuss issuance of special ultra-long term treasury bonds.

The Financial Times (via Reuters info) reports that

  • Chinese authorities have begun with plans to sell 1 trillion yuan (US$138 bn or so) of long-dated bonds
  • China will use the proceeds to boost spending to stimulate the economy
yuan notes china

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