China plans to issue ultra-long-term special treasury bonds. This year, 1 trillion yuan (RMB, the same below) will be issued first.
China has previously issued government bonds with maturities of 10, 15, 20, 30 and 50 years. The purpose of issuance is to systematically solve the funding problems of some major projects in the process of building a strong country and national rejuvenation. The relevant funds will be used exclusively for the implementation of major national strategies and the construction of security capabilities in key areas.