(MENAFN) China is preparing to issue its fourth batch of ultra-long special treasury bonds on July 24, according to an announcement from the Ministry of Finance on Wednesday. This upcoming issuance will involve bonds totaling 55 billion yuan (approximately 7.7 billion U.S. dollars), with a maturity period of 30 years. The interest rate for these bonds will be determined through a competitive bidding process.

Ultra-long special treasury bonds are generally defined as those with maturities exceeding 10 years. In recent months, China has already issued similar bonds with terms of 20 years, 30 years, and 50 years on May 24, May 17, and June 14, respectively. The government plans to complete the issuance of this final batch of bonds by mid-November.

Analysts emphasize that the issuance of these ultra-long bonds plays a significant role in the country’s proactive fiscal policies for the year. This strategy is designed to bolster market confidence and expectations, thereby fostering a more favorable environment for economic growth. By providing long-term financing, these bonds are expected to better support various development initiatives and projects, which is particularly important in the context of current economic conditions. Overall, this move reflects China's commitment to stabilizing and enhancing its economic landscape through strategic financial measures.

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