(Yicai) July 2 -- China has brought forward the issuance dates for almost a third of the ultra‑long‑term special treasury bonds to be sold this quarter, front-loading fiscal support to steady investment and the economy.

Four of the 11 ultra‑long‐term special treasury bonds will now be offered earlier than previously planned, including a 50-year special treasury bond, which will be issued on Sept. 10 instead of on Sept. 24, the finance ministry announced yesterday.

This move comes in direct response to central government directives to deploy a proactive fiscal policy as early as possible to address the challenges posed by domestic and international economic uncertainties, industry insiders told Yicai.

Of the CNY1.3 trillion (USD181.4 billion) ultra-long-term special treasury bonds to be issued this year, about CNY800 billion (USD111.6 billion) will go to build key infrastructure, CNY300 billion (USD41.9 billion) will underpin consumer goods trade-in policies, and CNY200 billion will aid enterprise equipment upgrades, according to a report submitted by the State Council to the National People's Congress for review in March.

China has already issued CNY550 billion of ultra-long-term special treasury bonds in the first half of the year. The remaining CNY745 billion worth will be mainly sold this quarter, with only one scheduled for next quarter on Oct. 10.

Editors: Tang Shihua, Futura Costaglione