China to Issue 3 Trillion Yuan ($411 Billion) in Special Treasury Bonds in 2025, Recapitalizing State-Owned Banks

Dec 24, 2024, 05:44 AM

Chinese authorities have agreed to issue 3 trillion yuan (approximately $411 billion) in special treasury bonds in 2025, according to sources. The proceeds from this issuance will be allocated for various initiatives, including consumer goods and industrial equipment trade-in schemes, as well as the development of 'new productive forces.' Additionally, a portion of the funds will be used to recapitalize some large state-owned banks. This move is part of China's broader strategy to stimulate economic growth and enhance its financial stability.