债券 (zhàiquàn)

债券 refers to a fixed-income debt security issued by a government or corporation to raise funds, with a promise to repay the principal and interest at a specified date, traded on financial markets.

Meanings

[noun] bond; debenture (a debt instrument issued to raise capital, with fixed interest payments and a maturity date)

Example Sentences

中国国债被认为是低风险的投资工具，吸引了大量国内外投资者。 Zhōngguó guózhài bèi rènwéi shì dī fēngxiǎn de tóuzī gōngjù, xīyǐnle dàliàng guónèi wài tóuzīzhě. Chinese government bonds are considered low-risk investment instruments and have attracted a large number of domestic and foreign investors.

该公司发行了价值十亿元的企业债券，用于扩大生产规模和偿还旧债。 Gāi gōngsī fāxíngle jiàzhí shí yì yuán de qǐyè zhàiquàn, yòng yú kuòdà shēngchǎn guīmó hé chánghuán jiù zhài. The company issued corporate bonds worth one billion yuan to expand production capacity and repay existing debt.

在经济不确定时期，投资者往往将资金从股票转移到债券，以寻求更稳定的回报。 Zài jīngjì bù quèdìng shíqī, tóuzīzhě wǎngwǎng jiāng zījīn cóng gǔpiào zhuǎnyí dào zhàiquàn, yǐ xúnqiú gèng wěndìng de huíbào. In times of economic uncertainty, investors often move funds from stocks to bonds to seek more stable returns.

绿色债券作为一种新兴金融工具，专门用于资助环保和可持续发展项目。 Lǜsè zhàiquàn zuòwéi yī zhǒng xīnxīng jīnróng gōngjù, zhuānmén yòng yú zīzhù huánbǎo hé kěchíxù fāzhǎn xiàngmù. Green bonds, as an emerging financial instrument, are specifically used to finance environmental and sustainable development projects.

美联储加息通常会导致债券价格下跌，因为新发行的债券提供了更高的利率。 Měi Lián Chǔ jiāxī tōngcháng huì dǎozhì zhàiquàn jiàgé xiàdiē, yīnwèi xīn fāxíng de zhàiquàn tígōngle gèng gāo de lìlǜ. Federal Reserve interest rate hikes usually cause bond prices to fall, because newly issued bonds offer higher interest rates.

政府通过发行国债筹集资金，用于基础设施建设和社会公共服务的开支。 Zhèngfǔ tōngguò fāxíng guózhài chóují zījīn, yòng yú jīchǔ shèshī jiànshè hé shèhuì gōnggòng fúwù de kāizhī. The government raises funds by issuing government bonds to cover expenditures on infrastructure construction and social public services.

Collocations

Collocation	Meaning
国债 / 国家债券	government bond; treasury bond
企业债券	corporate bond
发行债券	to issue bonds
绿色债券	green bond
债券市场	bond market
债券收益率	bond yield

Usage Notes

债券 is a financial term referring specifically to debt securities with fixed income. It is distinct from 股票 (stocks/shares), which represent ownership, while 债券 represents a debt obligation. The main categories include 国债 (government bonds), 地方债 (local government bonds), 企业债 (corporate bonds), and 金融债 (financial bonds).

债券 markets are increasingly important in China's financial system, and the term appears frequently in financial news and economic reporting. The rise of 绿色债券 (green bonds) has added an environmental dimension to financial vocabulary at this level.

Memory Hook

债 (debt) + 券 (certificate/voucher) — 债券 is literally a "debt certificate," i.e., a bond or IOU issued by a government or company.