国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Markets

Industries

Insights

Reports

Events

China eyes gradual sale of special bonds

(Reuters)
Updated: 2007-07-02 12:32

China will gradually sell its planned 1.55 trillion yuan ($203.6 billion) in special domestic bonds to finance its overseas investment agency, a senior central bank official was quoted on Monday as saying.

The country's stock market has been hit by the bond issue plan, approved by China's parliament on Friday, as investors feared such a move would suck funds from the market.

Related readings:  Special bond issue won't seriously impact liquidity  Corporate bonds set to take off Special bond issuance targets excess liquidity Special Coverages: Markets Watch

" The plan will be carried out gradually according to its monetary policy," Yi Gang, assistant governor of the People's Bank of China, told the Shanghai Securities News. Yi reiterated the Finance Ministry's view that the bond issue would have only a neutral impact on the domestic economy, the newspaper said.

The Finance Ministry indicated on its Web site on Friday that it would issue the bonds directly to the central bank in exchange for part of the $1.2 trillion in foreign currency reserves under the central bank's control.

No specific timetable was given for the sale of the bonds, but the increase in this year's debt ceiling suggests they will all be issued this year.