Photo taken on Nov. 15, 2021 shows an exterior view of the office building of the Beijing Stock Exchange, in Beijing, capital of China. (Xinhua/Peng Ziyang)
BEIJING, Sept. 7 (Xinhua) -- By serving the Treasury bonds (T-bonds) issuance by China's Ministry of Finance (MOF), T-bond issuance business formally kicked off on the Beijing Stock Exchange (BSE) recently, according to reports with Xinhua Finance.
MOF issued 60.3 billion yuan of T-bonds on BSE on Sept. 2, including 30 billion yuan of 30-year T-bonds and 30.3 billion yuan of 91-day T-bills.
Issuing T-bonds on the BSE is helpful to press ahead with the government bonds market construction on the BSE, said the report.
Introducing issuance of T-bonds, which have higher credit ratings and greater influences than other bond products, into the business of BSE will contribute to optimizing the market functions of BSE and layout of China's bond market infrastructure, reported China Business Journal citing Chen Fu, an analyst with GF Securities.
T-bond issuance can facilitate institutional optimization, enhancing system functions and improving comprehensive service capability of BSE. It will also help prompt the role of government bonds in boosting investment, consumption and employment so as to better support high-quality national economic development, according to Chen.
On the basis of the previous smooth issuance of local government bonds on BSE, the T-bond issuance on BSE marked a new phase of government bond business of the BSE.
MOF issued the 30-year T-bonds at 3.08 percent annual yield and the 91-day T-bills at a discounted price of 99.678 yuan, which is equal to an annual yield of 1.3 percent. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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