Caixin
May 09, 2022 07:58 PM
FINANCE

Exclusive: Several Chinese Regions to Delay Savings Bond Issuances to Keep Covid at Bay

A bank employee counts banknotes while dressed in a protective suit. Photo: VCG
A bank employee counts banknotes while dressed in a protective suit. Photo: VCG

Several regions in China plan to suspend an issuance of a type of savings bond that requires buyers to be physically present at the bank when they purchase it, in a bid to control the spread of Covid-19, sources told Caixin, as the country faces its worst wave of outbreaks since the start of the pandemic.

The Ministry of Finance announced Thursday that it will issue a batch of three-year and five-year certificate savings bonds this Tuesday. However, multiple sources at financial institutions told Caixin that the issuance may be suspended in some regions as a way to avoid giving people a reason to leave their homes.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription