China to issue 30bln yuan of certificate T-bonds

时间：2007-02-27 05:25:10

（单词翻译:单击）

Feb.27 - China's Ministry1 of Finance said on Monday it will issue 30 billion yuan (3.75 billion U.S. dollars) worth of certificate treasury2 bonds next month, the first batch3 of its kind to be issued this year.

 

The T-bonds include 21 billion yuan worth of those with a maturity4 term of three years and an annual par5 interest rate of 3.39 percent, and 9 billion yuan worth of T-bonds with a five-year term and a 3.81-percent annual par interest rate, the ministry said.

 

The public can purchase them between March 1 and 31 at the retailing6 outlets7 of 40 designated underwriting institutions, including the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China and the China Construction Bank, as well as some other commercial banks.

 

The purchasers must use real names to buy the bonds, which can be mortgaged for loans but not be transferred, said the ministry.

 

China will cut the issuance of treasury bonds this year by a "modest" amount, according to Han Yongwen, secretary-general of the National Development and Reform Commission.

 

The government will try to reduce its financial deficit8 and expand channels for direct financing, Han has said.

 

The stock market will be further regulated and developed and citizens will be encouraged to invest their savings9 in shares or corporate10 bonds, he said.

 
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1 ministry kD5x2     
n.(政府的)部；牧师
参考例句：
  • They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
  • We probed the Air Ministry statements.我们调查了空军部的记录。
2 treasury 7GeyP     
n.宝库；国库，金库；文库
参考例句：
  • The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
  • This book is a treasury of useful information.这本书是有价值的信息宝库。
3 batch HQgyz     
n.一批(组，群)；一批生产量
参考例句：
  • The first batch of cakes was burnt.第一炉蛋糕烤焦了。
  • I have a batch of letters to answer.我有一批信要回复。
4 maturity 47nzh     
n.成熟；完成；(支票、债券等)到期
参考例句：
  • These plants ought to reach maturity after five years.这些植物五年后就该长成了。
  • This is the period at which the body attains maturity.这是身体发育成熟的时期。
5 par OK0xR     
n.标准，票面价值，平均数量；adj.票面的，平常的，标准的
参考例句：
  • Sales of nylon have been below par in recent years.近年来尼龙织品的销售额一直不及以往。
  • I don't think his ability is on a par with yours.我认为他的能力不能与你的能力相媲美。
6 retailing f7157e2e76f903d2893786de5cb093af     
n.零售业v.零售(retail的现在分词)
参考例句：
  • career opportunities in retailing 零售业的职业机会
  • He is fond of retailing the news. 他喜欢传播消息。 来自《简明英汉词典》
7 outlets a899f2669c499f26df428cf3d18a06c3     
n.出口( outlet的名词复数 )；经销店；插座；廉价经销店
参考例句：
  • The dumping of foreign cotton blocked outlets for locally grown cotton. 外国棉花的倾销阻滞了当地生产的棉花的销路。 来自《简明英汉词典》
  • They must find outlets for their products. 他们必须为自己的产品寻找出路。 来自《现代汉英综合大词典》
8 deficit tmAzu     
n.亏空，亏损；赤字，逆差
参考例句：
  • The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
  • We have a great deficit this year.我们今年有很大亏损。
9 savings ZjbzGu     
n.存款，储蓄
参考例句：
  • I can't afford the vacation,for it would eat up my savings.我度不起假，那样会把我的积蓄用光的。
  • By this time he had used up all his savings.到这时，他的存款已全部用完。
10 corporate 7olzl     
adj.共同的，全体的；公司的，企业的
参考例句：
  • This is our corporate responsibility.这是我们共同的责任。
  • His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

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