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China/Asia On Demand
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special measures
Author(s): 
Pages: 32-33
Year: Issue:  29
Journal: Beijing Review

Abstract: <正>The approval of 1.55 trillion yuan in China’sspecial bonds will help restructure financialmarket and monetary policy On June 29,after having beenapproved by the Standing Committee of the National People’s Congress (NPC), the Chinese Ministry of Finance announced that it would issue 1.55 trillion yuan in special bonds in order to buy$200 billion in foreign currency to fund China’s new overseas investment company.The interest rate of the book-entry treasurybonds is to be decided by the market.
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