BEIJING, Jan. 7 (Xinhua) -- The offshore bonds issued by enterprises in central China's Henan province amounted to 3.13 billion U.S. dollars in 2018, doubling the figure of the previous year and providing strong support for the province’s real economy, as reported by the local press.
During the year of 2018, a number of leading enterprises in Henan filed to the National Reform and Development Commission (NRDC) to obtain permission for offshore bond issuance, including Henan Energy and Chemical Industry Group Co. Ltd., and Zhongyuan Yuzi Investment Holding Group.
Funds raised through offshore bonds accounted for 18.5 percent of the province's foreign direct investment (FDI) in 2018, according to the report.
The Henan Province Development and Reform Commission disclosed that in 2019, the province will continue to apply for more quota of issuing more foreign debts to the NDRC, in order to better finance key projects and industries prioritized by the country. (Edited by Li Wenxin, liwenxin@xinhua.org)
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