(Bloomberg) -- China's finance ministry plans to
sell 1.55 trillion yuan ($200 billion) of bonds to buy foreign-
exchange reserves that will be managed by a new investment fund,
Xinhua News Agency reported.
The Ministry of Finance is setting up the State Investment
Co. that will purchase a portion of the country's record $1.2
trillion foreign-exchange reserves from the central bank to seek
higher returns in global markets. The bonds will mature in more
than 10 years, Xinhua said today without elaborating.
Read more at Bloomberg Bonds News
sell 1.55 trillion yuan ($200 billion) of bonds to buy foreign-
exchange reserves that will be managed by a new investment fund,
Xinhua News Agency reported.
The Ministry of Finance is setting up the State Investment
Co. that will purchase a portion of the country's record $1.2
trillion foreign-exchange reserves from the central bank to seek
higher returns in global markets. The bonds will mature in more
than 10 years, Xinhua said today without elaborating.
Read more at Bloomberg Bonds News
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