Call for special bonds issue
Print Edition
China on Tuesday ordered local governments to speed up the issuance and use of bonds for designated purposes.
The move aims to make better use of the special bonds to stabilize investment, expand domestic demand and improve weak links, according to a document on the finance ministry’s website.
Finance departments at different levels should work with other authorities to speed up the preparation for special bond issuances.
“Provincial level regions should make scientific plans for the bond issuance in August and September in order to accelerate bond issuance,” the document said. “By the end of September, new special bonds issued in the first nine months should account for no less than 80 percent of 1.35 trillion yuan (US$197 billion), this year’s quota, as a matter of principle, while the remainder should be issued mainly in October.”
China will continue to implement a proactive fiscal policy and prudent monetary policy, with the fiscal policy playing a bigger role in expanding domestic demand and carrying out structural adjustments, according to a Party meeting held last month.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
