China to auction 30B yuan in 91-day discount treasury bonds on Aug 1st to manage national debt and stimulate economy.

China's Ministry of Finance plans to auction 30 billion yuan ($4.21B) in 91-day discount treasury bonds on Aug 1st. These bonds, to be sold at a discount and mature at par value, will be tradable from Aug 7th. The auction value matches the previous sale held on July 26th. This move is part of China's efforts to manage its national debt and stimulate its economy.

August 01, 2024
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