ningbo: File photo IC When the major port and industrial hub of Ningbo in East China's Zhejiang Province sold China's first local government bonds to retail investors in March, an amount of 43 million was snapped up in just five hours, according to Global Times China. One buyer was Yan, an accountant from the city, who bought 100,000 yuan 14,900 of the bonds. File photo VCG Inset A man passes by a branch of Bank of Communications. She had been stirred by a call from a local bank to love Ningbo forever by holding Ningbo bonds. China piloted its first local government bonds targeting retail investors in recent weeks at bank outlets in six regions including Beijing and Ningbo, raising a billion dollars. She said she believes the money will be used to improve lives, and the local government will not defraud her.
(news.financializer.com). As
reported in the news.
Tagged under ningbo, china topics.