China’s finance ministry said it plans to issue ultra-long-term special government bonds next year, with proceeds earmarked to support key national strategies and security-related initiatives.

In a statement released on Saturday, the ministry said funds will also be used to finance large-scale equipment upgrades and consumer goods trade-in programs, following a meeting to implement decisions from the Central Economic Work Conference.

The ministry did not disclose details on the specific strategic or major construction projects that will receive funding. It also reiterated its commitment to tackling local government debt risks, pledging to actively reduce existing liabilities and strictly prevent the accumulation of new hidden debt.

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The announcement signals continued fiscal support for growth and industrial upgrading, though the lack of project detail may limit near-term market reaction.

Source: Investing Live