On the eve of the implementation of the new value-added tax policy, the daily issuance quantity of policy financial bonds has reached a new high in over 20 years.

On August 6, the Agricultural Development Bank of China and the Export-Import Bank of China issued a total of 6 new financial bonds, setting a record for the highest number of new government financial bonds issued in a single day since 2002. Among them, the Agricultural Development Bank plans to issue a total of no more than 42 billion yuan of financial bonds in four tranches of 392 days, 3 years, 5 years, and 10 years; the Export-Import Bank plans to issue no more than 9 billion yuan of financial bonds in two tranches of 15 months and 66 months. The China Development Bank currently has no plans for new bond issuances. After August 8, interest income from newly issued government bonds, local government bonds, and financial bonds will resume being subject to value-added tax.