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According to the Ministry of Finance on August 19, the Ministry of Finance will launch the issuance of special government bonds due in 2024 on August 29.

According to the relevant person in charge of the Ministry of Finance, in 2007, with the consent of the State Council and the approval of the Standing Committee of the National People's Congress, the Ministry of Finance issued 1.55 trillion yuan of special treasury bonds as the capital source of China Investment Corporation. The terms are mainly 10 years and 15 years, and they will mature successively from 2017. When some of the above special treasury bonds mature in 2017 and 2022, the Ministry of Finance will issue special treasury bonds to relevant banks for repayment. For the 400 billion yuan special treasury bonds that will mature on August 29, 2024, the Ministry of Finance will continue the practice of previous years and continue to adopt a rolling issuance method to issue special treasury bonds due in 2024 to relevant banks and other institutions, and the funds raised will be used to repay the principal due that month.

The 400 billion yuan special treasury bonds due in 2024 will be issued to relevant banks in the national inter-bank bond market, with maturity varieties including 300 billion yuan for 10 years and 100 billion yuan for 15 years. The issuance process does not involve social investors, and individual investors cannot purchase. The special treasury bonds due in 2024 are an equal rolling issuance of the original special treasury bonds, which still correspond to the original assets and liabilities and do not increase the fiscal deficit.

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