2. Banks: Investors can bring their ID cards to major commercial banks to buy local bonds or apply for purchases on mobile banking apps of various banks.
3. Inter-bank market: Investors can indirectly participate in the investment of local bonds by purchasing trusts, funds and bank financing.
Extended data:
1, government bonds
Government bonds are bonds issued by the government to raise funds. It mainly includes national debt and local government bonds, the most important of which is national debt. National debt is also called "Phnom Penh bond" because of its good reputation, excellent interest rate and low risk.
In addition to bonds directly issued by government departments, some countries classify government-guaranteed bonds as government bond systems, which are called government-guaranteed bonds. This kind of bond is issued by some companies or financial institutions directly related to the government and guaranteed by the government.
2. Financial bonds
Financial bonds are bonds issued by banks and non-bank financial institutions. In China, financial bonds are mainly issued by policy banks such as China Development Bank and Export-Import Bank. Financial institutions generally have strong financial strength and high credit, so financial bonds often have a good reputation.
3. Corporate (enterprise) bonds
In foreign countries, there is no distinction between corporate bonds and corporate bonds, which are collectively referred to as corporate bonds. In China, corporate bonds are bonds issued and traded in accordance with the Regulations on the Administration of Corporate Bonds, which are supervised and managed by the National Development and Reform Commission. In practice, the issuer is a subsidiary of the central government department, a wholly state-owned enterprise or a state-controlled enterprise. Therefore, it largely reflects the government's credit.