Bond mkt issuances reach 7.2 trillion yuan

Bond issuances in China neared 7.2 trillion yuan ($1 trillion) in May, data from the country's central bank showed. Issuances of treasury bonds came in at 1.49 trillion yuan, while local government bond issuances amounted to 779.44 billion yuan, the People's Bank of China said.

New facility to boost electricity reliability

Chinese power workers have added new facilities to address peak load usage in summer. The 500 kilovolt Jinniu Transmission and Transformation Project, a supporting facility for the 800 kilovolt UHVDC (Ultra High Voltage Direct Current) transmission from Shaanxi province to Anhui, started operations, adding a capacity of 2,000 mega-volt amperes. The facility, located in Anhui's Lujiang county and built by Anhui Power Construction Co, can serve 2 million people for work and non-work needs. To date, all five such facilities undertaken by the company in 2025 have commenced operation, adding a total capacity of 7,000 MVA with a line length of 294 kilometers.