Business · Markets · 8 hrs ago

China starts issuing two fixed-rate savings bonds

China starts issuing two fixed-rate savings bonds

China began issuing two electronic savings bonds on November 10.

The bonds are fixed-rate products with set terms.

One runs for three years and pays 1.63% a year in interest.

The other runs for five years and pays 1.7% a year.

Investors can buy them at designated sales outlets, with a limit of 500,000 yuan per bond issue for each individual bond account.

People with personal pension accounts can also use money in those accounts to buy the bonds.

1 source

Related