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CN to Issue RMB3T Special Treasury Bonds Next Yr for 'Two New'/ 'Two Major' Programs and 'New Productive Forces': Report
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To further stimulate the economy, China will issue RMB3 trillion worth of special treasury bonds next year, marking the largest issuance in history, Reuters, citing sources, reported. The RMB3 trillion special treasury bonds will primarily be used for subsidy programs to boost consumption, support enterprise equipment upgrades, and fund investments in innovative high-end industries. It is understood that about RMB1.3 trillion in next year's plan will be issued through long-term special treasury bonds to fund "two major" and "two new" programs, including trade-in policies, enterprise large equipment upgrade subsidy plans, and the promotion of major national strategic projects. In addition, a significant portion of next year's bond issuance plan, which is expected to exceed RMB1 trillion, will be invested in "new productive forces", while the remaining funds will be used to restructure the capital of large state-owned banks. AAStocks Financial News |
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