Reporters' Log

China to issue more enterprise bonds

By Jiang Wei (chinadaily.com.cn)
Updated: 2009-03-06 12:35

Zhang Ping, Chairman of the National Development and Reform Commission, gestures while answering questions during a press conference on the sidelines of the 2nd Session of the 11th NPC in Beijing, March 6, 2009.[Xinhua]

China will expand the issuance of enterprise bonds to fund its massive stimulus package, said the country's top planner.

Zhang Ping, minister of the National Development and Reform Commission (NDRC), made the remarks at a press conference during the ongoing session of the 11th National People's Congress (NPC).

Since the fourth quarter of last year, 45 enterprise bonds have been issued raising more than 130 billion yuan, he said. Another over 50 enterprises have applied for bond issuance worth nearly 100 billion yuan and are waiting for approval.

Zhang said the money will be used to finance projects in the country's stimulus package with an expected investment of 4 trillion yuan.

Central Economic Work Conference

• Interest Rate Cut
• 30 Years of Reforms
• Coping with Financial Crisis
• Housing in China
• 2008 Tsinghua Management Global Forum
• more

Hot Words

• 政府注資 pump priming
• 軟環(huán)境 soft environment
• 糧食最低收購價 crops' minimum purchase prices

• 保八 Eight Percent Protection
• 以人為本 Put People First
• 農(nóng)民企業(yè)家 Farmer-turned-entrepreneur
• 窗口指導 window guidance
• 下崗再就業(yè) Re-employment after being laid off
• more

From Foreign Press

• German media give full coverage to Premier's report
• Overseas press praise China's 8% economic growth
• German media: Economy tops agenda at NPC session
• From the foreign press
• World media keeps close watch on 'two sessions'
• more

Letters

• Corruption top issue for public
• China adopts Food Safety Law
• China's economic growth in 2009
• more