China to Resume Local-Government Bond Sales

By staff reporter Zhang Man

(.com.cn) The Ministry of Finance said it will resume the sale of local government bonds Aug. 28 after yields on central bank bills leveled off last week and reduced competition for limited liquidity.

On behalf of the governments of Jilin, Guangxi, Heilongjiang and Inner Mongolia autonomous region, the finance ministry will auction three-year bonds worth a total 11.2 billion yuan, according to a recent statement on the official Chinabond.com.cn.