The third runway project "is almost equal to building a new airport next to the existing one", the authority has said

China will also encourage more long-term foreign investors into its treasury bond market, Wang Xiaolong, director of the Treasury Department in the Ministry of Finance, said

The funds will be used to repay loans and for the expansion of VinFast, the group's automobile unit, it said. Bondholders will be able to exercise options to receive shares in VinFast Singapore.

The advance allocation is aimed to mitigate economic pressure in the first quarter of next year, finance vice-minister Xu Hongcai said

China's property developers may struggle to pay annual bonuses as local governments lock up funds and bond maturities double, says Nomura.

Chinese property developer said it also did not pay a coupon totalling $105 million for notes due in 2023, 2025, and 2026, with the grace period for the first two already expired

Failure to make payments, followed by a string of credit rating downgrades of indebted developers, has roiled China's high-yield debt

A Shanghai Shimao Co bond that matures in January 2022 rose 11.7%, making it the top gainer on Shanghai Stock Exchange's corporate bond market

CSRC said it would properly resolve bond default risks and crack down on "fake financial exchanges" after a meeting to discuss orders from last week's Central Economic Work Conference

The low price pushed up the yield, which moves inversely to the price, on the bonds to 9.75%, underscoring their lacklustre reception

November was first full month Chinese government bonds were included in FTSE Russell's World Government Bond Index

Evergrande shares hit a record low on Wednesday after a missed debt payment left the firm at risk of becoming China's biggest defaulter, and trading in Kaisa Group stock was suspended