China plans to issue 55bn yuan ($7.7bn) ultra-long special treasury bonds with a 30-year term on July 24.

China plans to issue its fourth batch of ultra-long special treasury bonds worth 55 billion yuan ($7.7bn) on July 24, with a 30-year term, according to the Ministry of Finance. Interest rates will be determined through competitive bidding. These ultra-long special bonds, with tenors over 10 years, are part of China's proactive fiscal policies to boost market confidence and support economic growth.