What is National Debt?

Treasury bonds, also known as national public debts, are creditor's rights and debt relationships formed by the state on the basis of its credit and in accordance with the general principles of bonds, through the issuance of bonds to the society. Treasury bonds are a type of government bonds issued by the central government to raise financial funds. The central government issued to investors debt and debt certificates that promise to pay interest and repay principal at a certain period of time. Therefore, it has the highest credit rating and is recognized as the safest investment tool.

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Treasury bonds are a special form of debt, and have the following characteristics compared to the general claims and debt relationship:

From the perspective of the subject of legal relations

National debt

1. Raising military expenses

According to different standards, national debt can be classified as follows:

According to different methods of borrowing debt, national debt can be divided into

National debt law

British government issues renminbi bonds

On October 14, 2014, the British government announced that it had successfully issued 3 billion yuan of government bonds denominated in RMB. The move made Britain the first western country to issue renminbi bonds, with the largest issuance of renminbi bonds issued outside China. ^[1]

Central government issues renminbi bonds in Macau

On June 25, 2019, the Ministry of Finance and the Macao SAR Government announced that the central government will issue 2 billion yuan of government bonds in Macau on July 4, 2019. ^[2]