13 May 2024
China has initiated the sale of approximately $140 billion (Rmb1tn) in long-dated bonds to stimulate its economy and fund critical long-term projects. The People’s Bank of China is currently consulting with brokers to determine pricing for this substantial bond issue, which was announced during the annual legislative session to boost economic momentum and address ongoing challenges in the property sector. These bonds, which are part of a series of special sovereign bond issuances dating back to 1998, aim to support significant investments in modernization projects that require central government intervention and offer a more secure investment option amid volatility in regional banking and property markets.