China selling 750B yuan special sovereign bonds to lift economy

Friday, 09. December 2022 11:15

The Chinese Ministry of Finance revealed on Friday on its website that it will be selling special sovereign bonds worth 750 billion yuan in an effort to "raise financial funds and support the development of the national economy and social undertakings."

The bonds will be sold to certain domestic banks in the national inter-bank bond market, while "the People's Bank of China will conduct open market operations to relevant banks," the ministry noted. The action will be taking place on December 12.

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Baha Breaking News (BBN) / AY