China Plans New Round of Ultra-Long-Term Bond Issuance in 2026

The policy, first announced in 2024, reflects Beijing’s effort to fund major projects amid economic headwinds.
China Plans New Round of Ultra-Long-Term Bond Issuance in 2026
Chinese Minister of Finance Lan Fo'an (C) speaks at a press conference in Beijing on Nov. 8, 2024. Adek Berry/AFP via Getty Images
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The Chinese Ministry of Finance said on Saturday that it plans to issue ultra-long-term sovereign bonds in 2026, extending a policy first announced last year as Beijing sought to shore up its slowing economic growth.

The move follows decisions made at the Chinese Communist Party’s (CCP) annual Central Economic Work Conference, which concluded on Dec. 11 and set the policy direction for next year’s economy.