How? How to buy it? How to use it? The issuance of special anti epidemic bonds started steadily

category:Finance
 How? How to buy it? How to use it? The issuance of special anti epidemic bonds started steadily


How to issue special national debt against epidemic?

In an interview with the media, the head of the Treasury Department of the Ministry of Finance said that this years 1 trillion yuan special anti epidemic treasury bonds will be issued in a market-oriented way, all of which will be open to public bidding by members of the bookkeeping underwriting group. On the basis of matching the use cycle of financial funds, we have fully considered the needs of the construction of the Treasury bond yield curve, with the 10-year period as the main period and the 5-year and 7-year periods as appropriate, to further improve the effectiveness of the key points on the Treasury bond yield curve.

In accordance with the relevant requirements of the executive meeting of the State Council on speeding up the issuance of the bonds to be issued, the special national bonds for anti epidemic will be issued from the middle of June and finished by the end of July. He Daixin, deputy director of the Financial Research Office of the Financial Strategy Research Institute of the Chinese Academy of Social Sciences, told our reporter that he stressed that accelerating the issuance of the bonds to be issued means early issuance, early use and early effectiveness. The fund raised by the special national debt for anti epidemic is very important to the economic operation. It is also urgent for us to invest in the work of six guarantees. Accelerating the issuance of national debt can make the fund in place and play a role as soon as possible.

Individuals can participate in distribution transactions

Anti epidemic special national debt, can individuals buy it? What is the interest rate level?

It is reported that, like the general bookkeeping treasury bonds, the special anti epidemic treasury bonds are not only listed and circulated in the inter-bank bond market, but also listed and circulated in the exchange market and the counter market of commercial banks. Individual investors can open accounts in the exchange market and the over-the-counter market of commercial banks to participate in the distribution and trading of special anti epidemic treasury bonds. For details, you can inquire about the trading regulations of relevant places, or consult with ICBC, Agricultural Bank of China, China Construction Bank, China Merchants Bank, Bank of Beijing, Bank of Nanjing and other banks that have opened bookkeeping treasury bond counter business.

It is worth noting that the payment account of the special anti epidemic national bonds published in the issuance notice only accepts the underwriting payment of the book entry underwriting group of national bonds, and does not accept individual transfer. Special anti epidemic bonds are the same as general bookkeeping bonds, which can not be redeemed in advance and can be traded in the secondary market. The trading price fluctuates according to the market situation, and the profit and loss are borne by the investors.

In terms of interest rate, unlike the savings bonds sold only to individual investors, the special anti epidemic bonds are bookkeeping bonds, and the interest rate is determined by the bidding of members of the bond underwriting group and goes with the market. At present, the yields of 5-year, 7-year and 10-year Treasury bonds are about 2.5%, 2.8% and 2.8%.

Support public health and epidemic related expenditures

Xu Hongcai, Vice Minister of finance, previously introduced that the special national debt for anti epidemic was mainly used for infrastructure construction such as public health and related expenditures for anti epidemic, including supporting the development of small and micro enterprises, financial discount, rent subsidy reduction and so on. All localities may reserve mobile funds in a certain proportion within the allocated quota, so as to meet the urgent need of funds for special difficulties at the grassroots level, and independently allocate and use them according to actual needs. The special national debt for epidemic prevention is not included in the fiscal deficit, but is included in the budget management of government funds, and is distributed to local governments through the transfer payment of government funds.

In terms of specific distribution mode, Li Jinghui, director of the budget department of the Ministry of finance, said that considering that the anti epidemic special national debt is issued and paid by the central finance in a unified way, which has a certain nature of financial subsidies, in order to reflect the fairness between regions, the Ministry of finance mainly cuts into provincial financial departments according to the factor method. According to the scope of use stipulated by the Ministry of Finance and the principle of funds follow the project, the provincial financial department independently implements the basic level and specific projects of the city and county, and then reaches the city and county after reporting to the Ministry of Finance for record and approval. It is understood that in order to standardize the fund management of special transfer payments and special anti epidemic bonds, the Ministry of finance has formulated fund management measures to clarify the fund purpose, distribution and allocation, repayment of principal and interest, budgeting and other contents of special anti epidemic bonds. Including the issuance of special anti epidemic bonds, measures such as increasing the deficit and vigorously reducing the expenditures of the central government at the same level are all aimed at increasing financial support to local governments, and ensuring the operation of the grass-roots level is the top priority of this years budget arrangement. At present, on the whole, we judge that this years local peoples livelihood, wages and grass-roots government operation are guaranteed in terms of capital sources. Li said. Source: Peoples net editor in charge: Zhang Mei_ NF2100

In terms of specific distribution mode, Li Jinghui, director of the budget department of the Ministry of finance, said that considering that the anti epidemic special national debt is issued and paid by the central finance in a unified way, which has a certain nature of financial subsidies, in order to reflect the fairness between regions, the Ministry of finance mainly cuts into provincial financial departments according to the factor method. According to the scope of use stipulated by the Ministry of Finance and the principle of funds follow the project, the provincial financial department independently implements the basic level and specific projects of the city and county, and then reaches the city and county after reporting to the Ministry of Finance for record and approval.

It is understood that in order to standardize the fund management of special transfer payments and special anti epidemic bonds, the Ministry of finance has formulated fund management measures to clarify the fund purpose, distribution and allocation, repayment of principal and interest, budgeting and other contents of special anti epidemic bonds.