China will continue to issue ultra-long-term special treasury bonds next year to stimulate investment and boost consumption. The country launched the issuance of such bonds last year, with a scale of 1 trillion yuan (equivalent to 182.2 billion Singapore dollars; the same currency applies below), and this year the scale has further increased to 1.3 trillion yuan.


China will continue to issue ultra-long-term special treasury bonds next year to stimulate investment and boost consumption.
According to a release on the official website of the Ministry of Finance of the People's Republic of China on Saturday (December 13), Lan Fo'an, Minister of Finance, presided over a meeting of the Party Leadership Group on Friday (December 12). The meeting conveyed and studied the spirit of the Central Economic Work Conference of the Communist Party of China and discussed measures for the financial sector to implement the conference's arrangements.
The meeting required making full and effective use of funds from various government bonds, issuing ultra-long-term special treasury bonds, and continuously supporting the advancement of the "Two Priorities" (implementation of major national strategies and enhancement of security capabilities in key fields) and the "Two New Initiatives" (large-scale equipment renewal and trade-in of consumer goods).
However, the Ministry of Finance did not specify the specific projects that the funds raised through the special treasury bonds will be allocated to.
At the Two Sessions (the annual sessions of the National People’s Congress and the Chinese People’s Political Consultative Conference) held in March 2024, the Chinese government announced that it would issue ultra-long-term special treasury bonds for several consecutive years starting that year, which are earmarked for the development of the "Two Priorities". The issuance scale of ultra-long-term special treasury bonds was 1 trillion yuan last year and further increased to 1.3 trillion yuan this year.

China will continue to issue ultra-long-term special treasury bonds next year to stimulate investment and boost consumption. The country launched the issuance of such bonds last year, with a scale of 1 trillion yuan (equivalent to 182.2 billion Singapore dollars; the same currency applies below), and this year the scale has further increased to 1.3 trillion yuan.


China will continue to issue ultra-long-term special treasury bonds next year to stimulate investment and boost consumption.
According to a release on the official website of the Ministry of Finance of the People's Republic of China on Saturday (December 13), Lan Fo'an, Minister of Finance, presided over a meeting of the Party Leadership Group on Friday (December 12). The meeting conveyed and studied the spirit of the Central Economic Work Conference of the Communist Party of China and discussed measures for the financial sector to implement the conference's arrangements.
The meeting required making full and effective use of funds from various government bonds, issuing ultra-long-term special treasury bonds, and continuously supporting the advancement of the "Two Priorities" (implementation of major national strategies and enhancement of security capabilities in key fields) and the "Two New Initiatives" (large-scale equipment renewal and trade-in of consumer goods).
However, the Ministry of Finance did not specify the specific projects that the funds raised through the special treasury bonds will be allocated to.
At the Two Sessions (the annual sessions of the National People’s Congress and the Chinese People’s Political Consultative Conference) held in March 2024, the Chinese government announced that it would issue ultra-long-term special treasury bonds for several consecutive years starting that year, which are earmarked for the development of the "Two Priorities". The issuance scale of ultra-long-term special treasury bonds was 1 trillion yuan last year and further increased to 1.3 trillion yuan this year.