Chinese authorities have kicked off plans to sell Rmb1tn ($140bn) of long-dated bonds, as Beijing ramps up spending to stimulate the economy.
The People’s Bank of China has asked brokers for advice on pricing the sale of the first batch of the sovereign bonds, according to two people who received requests.
China’s government announced plans for the bond sale during the annual session of the country’s legislature in March, saying it would support investment in key areas and reinforce economic momentum in the second quarter amid the country’s lengthy property crisis.
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