China plans bond issue

SHANGHAI, July 20: China finance ministry has the green light to sell a first batch of government bonds in a planned special issue worth 1.55 trillion yuan ($205bn), state press reported on Friday.“The issuance of the first tranche of 850 billion yuan in special government bonds has been approved recently, although the exact date of issuance is not clear yet,” the China Business News said, citing unnamed

sources.—AFP

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