ADB aims to raise 1bn yuan in bonds

PUBLISHED : Saturday, 12 June, 2004, 12:00am
UPDATED : Saturday, 12 June, 2004, 12:00am


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The Asian Development Bank is discussing with the Ministry of Finance a plan to raise 1 billion yuan in bonds to stimulate private-sector growth in China.

The bond issue - pending approval by the ministry - could take place as early as the end of this year. The bank says the issue would also help develop the bond market on the mainland.

Full report - A4