East China's Shanghai Municipality and northwest China's Xinjiang Uygur Autonomous Region would auction 48.08 billion yuan and 4.9 billion yuan worth of local government bonds respectively on August 6.
Shanghai would auction overall 38.68 billion yuan worth of general bonds, including 3.85 billion yuan of 3-year ones, 11.61 billion yuan of 5-year ones, 11.61 billion yuan of 7-year ones and 11.61 billion yuan of 10-year ones. At the same time, the government would issue 9.4 billion yuan worth of special-use bonds on August 6, including 4.7 billion yuan worth of 5-year ones and 4.7 billion yuan of 10-year ones.
Xijiang would float overall 1.2 billion yuan worth of special-use bonds, including 240 million yuan of 3-year ones, 360 million yuan of 5-year ones, 360 million yuan of 7-year ones and 240 million yuan of 10-year ones. Meanwhile, Xinjiang would issue 3.7 billion yuan worth of general bonds, including 740 million yuan of 3-year ones, 1.11 billion yuan worth of 5-year ones, 1.11 billion yuan worth of 7-year ones and 740 million yuan worth of 10-year ones.
So far, China has sold overall 313 batches of local government bonds valued at 1.41 trillion yuan in total after local government bond issuance was introduced this year.
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