Policy Banks to Issue Bonds Worth 300 Bln Yuan This Year

(Beijing) – Two policy banks are to issue special bonds worth 300 billion yuan in total this year to help finance infrastructure construction and other projects the central government thinks are important, a source with knowledge of the matter said.

China Development Bank and Agricultural Development Bank of China are to issue, respectively, 200 billion and 100 billion yuan worth of bonds to the Postal Savings Bank of China this year for the purpose, the source said. He did not say when the issuance would begin.