On June 15, the Ministry of Finance issued an announcement stating that it would issue the 2020 Special Anti-epidemic National Bonds (Phase I) and (Phase II) through competitive bidding on June 18. The first phase is a 5-year fixed-rate interest-bearing bond, and the second phase is a 7-year fixed-rate interest-bearing bond. The total face value of the competitive bidding for the two treasury bonds is 50 billion yuan each, and no additional bids will be made by Class A members. The bidding will be held on June 18, interest will start to accrue on June 19, distribution will be carried out from the end of the bidding to June 19, and the shares will be listed for trading from June 23. Industry insiders said that these two special anti-epidemic bonds will be issued in the form of book-entry bonds, and individuals can also purchase them. The "Government Work Report" clearly states that this year's deficit ratio is planned to be arranged at above 3.6%, and the fiscal deficit will increase by 1 trillion yuan compared with last year. At the same time, a special national debt of 1 trillion yuan will be issued to fight the epidemic. Liu Yi, a professor at the School of Economics of Peking University, believes that increasing the deficit ratio and issuing special national bonds for epidemic prevention are important institutional arrangements to concentrate on doing a good job in the "six stability" work, implementing the "six guarantees" tasks, achieving effective policies and promoting high-quality economic development. On June 15, the Ministry of Finance issued a notice stating that in order to raise financial funds and coordinate the prevention and control of the epidemic as well as economic and social development, it has decided to issue the 2020 Special National Bonds for Anti-epidemic (Phase I) and the 2020 Special National Bonds for Anti-epidemic (Phase II). |
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