National debt (national debt; Government loan, also known as national bond, is a creditor-debtor relationship formed by the state on the basis of its credit and in accordance with the general principles of debt. National debt is a bond issued by the state, a government bond issued by the central government to raise financial funds, and a debt certificate issued by the central government to investors, which promises to repay the principal and interest within a certain period of time. Because the issuer of national debt is the country, it has the highest credit and is recognized as the safest investment tool.

China's national debt refers to the national debt issued by the Ministry of Finance on behalf of the central government. Guaranteed by the national financial reputation, the credibility is very high. It has always been called "Phnom Penh bond", and cautious investors like to invest in government bonds. There are three kinds of bonds: voucher bonds, bearer bonds and book-entry bonds.

On June 15, 2020, the Ministry of Finance issued a notice to clarify that special anti-epidemic government bonds will be issued in 2020. In September, FTSE Russell announced that China government bonds would be included in FTSE government bond index, and China government bonds were formally included in FTSE government bond index on June 200212.

Reply time: 2021-12-16. Please refer to the latest business changes announced by Ping An Bank in official website.