Briefly

Nation to issue special treasury bonds

China will issue this year's fourth batch of ultralong special treasury bonds on July 24, the Ministry of Finance said on Wednesday. The bonds worth 55 billion yuan ($7.7 billion) will be issued for a term of 30 years and an interest rate depending on competitive bidding. Ultra-long special treasury bonds typically refer to those with a tenor of more than 10 years. The bond issuance will help boost market confidence and expectations, and better support economic development, according to analysts.

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