'China May Issue 6 Trillion Yuan In Treasury Bonds To Buttress Economy' - Caixin Global
Portfolio Pulse from Benzinga Newsdesk
China is considering issuing 6 trillion yuan in ultra-long special treasury bonds over three years to stimulate its slowing economy. The funds will help local governments manage off-the-books debts.
October 14, 2024 | 1:46 pm
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POSITIVE IMPACT
The potential issuance of 6 trillion yuan in Chinese treasury bonds could impact the iShares China Large-Cap ETF (FXI), as it reflects the economic health and fiscal policies of China.
The issuance of treasury bonds is a significant fiscal policy move that could stabilize China's economy, potentially benefiting the FXI ETF, which tracks large-cap Chinese companies.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80