The special bonds will cover 19 cities across Guangdong province, funding 86 projects. SING TAO
The special bonds will cover 19 cities across Guangdong province, funding 86 projects. SING TAO

China’s southern province of Guangdong on Friday plans to issue new special bonds of 30.7 billion yuan (HK$32.88 billion), which will be used entirely on the recovery of idle land — a first in the country.

Provincial capital Guangzhou will issue the largest amount at 6.05 billion yuan, while Zhuhai and Huizhou will each issue over 5 billion yuan.

The two special bonds being issued will cover 19 cities across Guangdong province, funding 86 projects.

STAFF REPORTER

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