Views: 5886|Replies: 12

Chinas Bond Market [Copy link] 中文

Rank: 8Rank: 8

Post time 2013-7-28 17:23:28 |Display all floors
BEIJING -- Chinese Ministry of Finance will auction 23.6 billion yuan ($3.8 billion) of three-year bonds on behalf of six local governments at a yield of 3.92 percent, the ministry announced on Friday.
From July 29 to 31, the ministry will sell the bonds, of which 5.6 billion yuan will go to Heilongjiang province, 700 million yuan to Xiamen city, 7.7 billion yuan to Hunan province, 4.7 billion yuan to Guangxi Zhuang autonomous region, 600 million yuan to Tibet autonomous region and 4.3 billion yuan to Qinghai province.
This will be the fifth batch of auctioned bonds this year.
The ministry plans to sell local government debt worth a combined total of 350 billion yuan in 2013, the most since 2009, in order to meet growing expenditure demand.

I'm just here for the money

Use magic tools Report

Post time 2013-7-28 17:43:30 |Display all floors
Reminder: Author is prohibited or removed, and content is automatically blocked
Roach Exterminator

Use magic tools Report

Rank: 8Rank: 8

Post time 2013-7-28 17:53:22 |Display all floors
They are trying to recoup their large losses Ducky.
They know its the only way to move the bad debt off the books.
The Provinces continue to spend on nonsense big ticket items for a big face to generate interest and growth.
I'm just here for the money

Use magic tools Report

Post time 2013-7-28 18:06:25 |Display all floors
Reminder: Author is prohibited or removed, and content is automatically blocked
Roach Exterminator

Use magic tools Report

Rank: 8Rank: 8

Post time 2013-7-28 18:17:39 |Display all floors
I'm not a vampire, won't live forever to see that happen.
I'm just here for the money

Use magic tools Report

Post time 2013-7-28 19:11:04 |Display all floors
Reminder: Author is prohibited or removed, and content is automatically blocked
Roach Exterminator

Use magic tools Report

Rank: 8Rank: 8

Post time 2013-7-28 19:14:39 |Display all floors
Just forestalling the inevitable man, can't continue building forever without a need.
I'm just here for the money

Use magic tools Report

You can't reply post until you log in Log in | register

BACK TO THE TOP
Contact us:Tel: (86)010-84883548, Email: blog@chinadaily.com.cn
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.