/ world today news/ China will issue three-year special treasury bonds worth 750 billion yuan ($108 billion) to support its economy. The information came from the Ministry of Finance on Friday. The bonds will be issued on December 12 and will be directed to specific banks, primary dealers of government securities on the domestic interbank market.
The People’s Bank of China will also conduct open market operations with relevant banks. The latest special treasury bonds issued are believed to be a continuation of the 15-year government securities issued in 2007, which will mature on December 11.
The Ministry of Finance issued 1.55 trillion yuan of government securities in 2007 to purchase foreign currency. They were issued in eight tranches, all of which were long-term Treasury bonds with maturities of 10 years or more.
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