China to issue ultra-long special treasury bonds in 2026

BEIJING: China will implement a more proactive fiscal policy in 2026, including issuing ultra-long special treasury bonds to bolster economic growth, the finance ministry said on Saturday.

The ministry said it would make use of government bond funds to back major national strategy projects, as well as large-scale equipment upgrades and consumer goods trade-in programmes.

It also pledged to use interest subsidies on loans to households and businesses to help spur consumption, according to a summary of a meeting held after this week’s Central Economic Work Conference.

Officials will move to defuse local government debt risks and strictly prohibit the illegal addition of hidden debts, it added.