All news

Hainan issues government bonds popular with foreign investors worth $1.69 bln

HAIKOU, September 30. /TASS/. The Hainan authorities issued another package of government bonds in the amount of 11.54 billion yuan ($ 1.69 billion), which, according to the local administration, are very popular with foreign investors, according to www.hinews.cn

"The issued package of government bonds aroused increased interest among market participants. Their sale to foreigners is mainly carried out in branches [three of the five main commercial financial institutions of China, supervised by the state —TASS] — the Bank of Communications, the Commercial and Industrial Bank, the Bank of China," clarified a representative of the regional finance department.

According to the official, in the first day after the implementation of the new issue, the volume of sales of debt obligations exceeded 65 million yuan ($ 9.54 million). As the administration of the island stressed, thus "the degree of diversification of the investment market on Hainan is gradually increasing." One of the key tasks is to strengthen the presence of foreign capital in the segment of government bonds, to make them more accessible to foreign capital.

"In the future, Hainan's key departments, as well as the financial structures of our province at all levels, are planning to take additional measures in order to attract capital and more quickly implement various projects," the island's financial department said.

According to a spokesman for the department, the province has fulfilled the annual plan to issue debt obligations one month ahead of schedule. In total, in 2020, Hainan issued bonds worth 54.75 billion ($ 8.03 billion).

Tags