China News Agency, Beijing, June 17 (Reporter Zhao Jianhua) The Ministry of Finance of China is about to tender for the first batch of special anti-epidemic bonds. The relevant person in charge of the Treasury Department of the Ministry of Finance (hereinafter referred to as the person in charge) said on the 17th that this year's 1 trillion yuan anti-epidemic special treasury bonds will be market-oriented, and all will be issued for public bidding for members of the book-entry treasury underwriting syndicate. Anti-epidemic special treasury bonds will be issued from the middle of June and will be issued before the end of July.
Ministry of Finance. (Information map) Photo reporter Jin Shuo
The person in charge said that the varieties of anti-epidemic special national debt maturities are mainly based on the 10-year period, and are appropriately matched with the 5-year and 7-year periods. The Ministry of Finance will give full consideration to the current market affordability and follow the principle of general equilibrium to smooth out weekly issuance as much as possible to stabilize market expectations.
The person in charge pointed out that, unlike the savings treasury bonds sold only to individual investors, the anti-epidemic special treasury bonds are book-entry treasury bonds. At present, the yields of 5-year, 7-year and 10-year book-entry treasury bonds are about 2.5%, 2.8% and 2.8%.
The person in charge said that, like general book-entry treasury bonds, anti-epidemic special treasury bonds are not only listed and circulated in the inter-bank bond market, but also listed and circulated across the market in the exchange market and the commercial bank counter market. Individual investors can open accounts in the exchange market and commercial bank counter market to participate in the distribution and trading of special anti-epidemic government bonds. Anti-epidemic special treasury bonds cannot be redeemed in advance, but can be traded in the secondary market. The transaction price fluctuates according to market conditions, and profits and losses are borne by investors.
The person in charge also said that for many years, the Ministry of Finance has always adhered to the principle of marketization, vigorously developed the national debt market, perfected the market-based tender and issuance mechanism, and promoted the formation of a rich and diversified investor structure. The national debt market has become a large An important place to meet the needs of financial financing and investors’ investment transactions. The market-oriented public offering of special anti-epidemic bonds will further enhance the capacity of the national bond market, better leverage the role of the national bond market in the financial system, and promote the long-term development of the national bond market. (Finish)