Treasury bonds are bonds issued by the state. They are a type of government bonds issued by the central government to raise fiscal funds. They are issued by the central government to investors and promise to pay interest and repay the principal at maturity within a certain period of time. It is a debt certificate of gold. Since the issuer of national debt is the state, it has the highest credibility and is recognized as the safest investment tool.

You can buy it from the four major banks.

1. (1) As long as they are major banks affiliated with the central bank, they can buy national bonds.

(2) The general interest rate is much higher than the central bank’s regular interest rate during the same period. There is no For any risk, according to past rules, the beginning of each year or April or May is the period for the sale of national bonds.

2. Methods of purchasing bonds: There are three major channels for individuals to buy bonds:

1. Open an account with a securities company and trade on the exchange. Currently, there are book-entry treasury bonds, corporate bonds, corporate bonds and convertible bonds circulating in the exchange bond market. In this market, individual investors can buy bonds just like buying stocks by opening a bond account in the business department of a securities company. To purchase bonds, you can also realize bond spread trading.

2. Purchase savings treasury bonds over the bank counter. During the bond issuance period, you can go to bank counters to subscribe for certificate-type treasury bonds and book-entry treasury bonds issued in the bank over-the-counter bond market. These bonds are generally illiquid and are only sold to individual investors. They serve more of a savings function. Investors can only hold them until maturity to obtain coupon income; however, some banks will provide investors with the pledge of certificate-style treasury bonds. Loans provide a certain amount of liquidity. To purchase certificated treasury bonds, investors only need to hold their valid identity documents and open an account at the bank counter. There are no account opening fees and maintenance fees for opening a personal treasury bond custody account that is only used for saving treasury bonds, and the income from treasury bonds is exempt from interest tax. Now with the popularity of online banking, banks also have electronic treasury bonds, and electronic treasury bonds can be purchased through online banking.

3. Bond funds and fixed-income products In addition to treasury bonds and financial bonds, almost all bond varieties are circulated in the inter-bank bond market, including subordinated bonds, corporate short-term financing bonds, and ordinary financial bonds of commercial banks. and foreign currency bonds, etc. These varieties generally have higher returns, but individual investors are not yet able to invest directly. Bond funds can invest in treasury bonds, financial bonds, corporate bonds and convertible bonds, while banks' fixed-income products can invest in a wider range of products, including treasury bonds issued in the national interbank market, policy bank financial bonds, central bank bills, short-term Financing bonds and other bonds.

3. (1) What individual investors can generally buy are short-term treasury bonds.

(2) Now banks mainly sell treasury bonds of less than 10 years. The current 3-year treasury bond interest rate is On sale on the 10th of every month,

(3) The interest rate is 4.92%, and the five-year Treasury bond has an interest rate of 5.32%. 30-year and 50-year treasury bonds are only issued to banking institutions.

China first began to issue domestic public debt at the end of the Qing Dynasty and borrowed a large amount of foreign debt that deprived the country of power and humiliated it.

The red regime led by the Communist Party of China also issued public bonds many times during the New Democracy period. For example, in 1932, the Jiangxi Central Revolutionary Base issued "revolutionary bonds" totaling 1.8 million yuan in two installments. War Debt."

After the founding of New China, the issuance of Chinese government bonds can be divided into three stages:

The first stage was in 1950 when New China was just established. At that time, in order to ensure the ongoing revolutionary war To supply and restore the national economy, "People's Victory Realized Public Bonds" with a total value of approximately 30.2 billion yuan were issued.

The second stage was from 1954 to 1958. In order to carry out socialist economic construction, "National Economic Construction Public Bonds" totaling 3.546 billion yuan were issued in five times.

The third stage is after 1979. In order to overcome financial difficulties and raise funds for key construction, China started to issue government bonds again in 1981. As of 1995, China had issued 8 types of domestic debt, including treasury bonds, national key construction bonds, fiscal bonds, special bonds, directional bonds, value-protected bonds, convertible bonds, etc., with a cumulative balance of 330 billion yuan.