Money
Local bonds to be auctioned
Updated: 2011-08-02 11:31
(China Daily)
The Ministry of Finance auctioned 22.7 billion yuan of three-year bonds with a yield of 4.07 percent on behalf of seven regional governments, traders said on Monday.
The sale of the five-year tranche of 22 billion yuan bonds will be conducted on Aug 8.
The ministry has said it plans to issue a total of 200 billion yuan in bonds on behalf of local governments this year.
Provincial and city governments are currently not allowed to raise funds in the debt market directly.
![](../../tplimages/34369.files/facebook.jpg)
Specials
![](../../attachement/jpg/site1/20110728/0013729e4a600f9adf701b.jpg)
Carrier set for maiden voyage
China is refitting an obsolete aircraft carrier bought from Ukraine for research and training purposes.
Photo
Video
![](../../attachement/jpg/site241/20110729/bc305b9c61310f9c7ae336.jpg)
Pulling heart strings
The 5,000-year-old guqin holds a special place for both european and Chinese music lovers
![](../../attachement/jpg/site241/20110729/bc305b9c61310f9c77422d.jpg)
Fit to a tea
Sixth-generation member of tea family brews up new ideas to modernize a time-honored business