The bonds have an average maturity of 7.37 years and an average interest rate of 3.34%, official data shows. Handout.

China sold 1.18 trillion yuan (US$ 176 million) in new local government bonds in the first quarter with proceeds mainly earmarked for on-going infrastructure projects.

The pace is faster and financing costs have notably decreased, an official of the Finance Ministry said. The average interest rate for local government bonds issued in Q1 is 3.34%, lower than the 2018 average of 3.89%.

The bonds have an average maturity of 7.37 years, an increase of 1.27 years compared with the 2018 average level, official data shows. More than 60% of the funds raised will be used for on-going infrastructure projects such as the renovation of shanty areas, affordable housing and transportation.

Local governments are allowed to sell a maximum of 3.08 trillion yuan in new bonds this year, of which the 930 billion yuan are general bonds and 2.15 trillion yuan are to fund specific projects.

In addition, a pilot program to sell local government bonds over the counter at commercial banks to retail investors was warmly welcomed, said an official in a Xinhua News Agency report. A combined 6.8 billion yuan in local government bonds was sold via the pilot program, it said.

Join the Conversation


  1. Hi! I could have sworn I’ve been to this site before but after reading through some
    of the post I realized it’s new to me. Anyways, I’m definitely delighted
    I found it and I’ll be book-marking and checking back often!

  2. Link exchange is nothing else except it is only placing the other person’s web site link
    on your page at appropriate place and other person will also do same for you.

  3. Thanks for all of the labor on this site. Gloria delights in engaging in investigation and it’s really easy to understand why. I learn all relating to the compelling way you give efficient strategies via the web blog and therefore increase response from some other people on that content and our favorite child is undoubtedly understanding so much. Have fun with the rest of the new year. You are always performing a very good job.

  4. I like the valuable info you provide in your articles.
    I’ll bookmark your blog and check again here regularly.
    I’m quite certain I’ll learn plenty of new stuff right here!
    Best of luck for the next!

  5. I was curious if you ever considered changing
    the layout of your blog? Its very well written; I love what youve got to say.

    But maybe you could a little more in the way of content so people could connect with it better.
    Youve got an awful lot of text for only having one or two images.
    Maybe you could space it out better?

  6. I have read so many articles on the topic of the blogger lovers but
    this post is in fact a nice article, keep it up. natalielise plenty of fish

  7. Attractive portion of content. I just stumbled upon your blog and in accession capital to assert that I acquire in fact enjoyed account your blog posts.
    Any way I will be subscribing for your augment or even I
    fulfillment you access constantly rapidly.

  8. Woah! I’m really loving the template/theme of this
    website. It’s simple, yet effective. A lot
    of times it’s tough to get that “perfect balance” between superb usability
    and visual appeal. I must say you have done a great job with this.

    Additionally, the blog loads super fast for me on Opera.
    Outstanding Blog!

  9. Simply wish to say your article is as amazing. The clarity
    on your put up is simply spectacular and that i could assume you’re a professional in this subject.

    Fine along with your permission let me to grasp your
    RSS feed to stay up to date with drawing close post.

    Thank you a million and please carry on the enjoyable work.

  10. I loved as much as you will receive carried
    out right here. The sketch is tasteful, your authored subject matter stylish.

    nonetheless, you command get got an impatience over that you wish be delivering the following.
    unwell unquestionably come further formerly again since exactly the same nearly a lot often inside case you shield this hike.

  11. Great post. I was checking continuously this weblog and I’m inspired!
    Extremely useful information particularly the last phase 🙂 I maintain such
    information a lot. I was looking for this certain information for a long time.
    Thank you and best of luck.

  12. I do not even know the way I finished up right here, however I assumed this submit was
    good. I do not understand who you’re however definitely you’re going
    to a well-known blogger in case you are not already. Cheers!

Leave a comment