China Aims To Sell More Bonds |
http://www.sina.com.cn 2004/02/18 11:01 Shanghai Daily |
China plans to sell more treasury bonds with maturities of five years and less, as it seeks to promote development of the debt market and reduce the government's borrowing costs, analysts said. The finance ministry will hold regular sales of two- and five-year bonds every three months starting in June, it said in a statement published on the state-owned Chinabond Website. The securities will be auctioned through the interbank market and the Shanghai and Shenzhen stock exchanges, the ministry said. The move reflects China's attempts to provide more reliable indicators of debt costs as it gives markets more influence in setting interest rates. |
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