公债是由中国政府按照法定手续发行的有价证券。新中国建国初期,为了支援人民解放战争,加速全国统一,恢复稳定和发展国民经济,1949年12月2日,中央人民政府委员会第四次会议通过了《关于发行人民胜利折实公债的决定》,同年12月16日中央第十一次政务会议,通过了1950年第一期人民胜利折实公债条例。这是新中国最早的公债。折实公债的募集及还本付息,均 Bonds are securities issued by the Chinese government in accordance with legal procedures. In the early days after the founding of new China, in order to support the people’s liberation war, speed up the reunification of the country, restore stability and develop the national economy, on December 2, 1949, the Fourth Session of the Central People’s Government Committee passed the Decision on Issuing the People’s Victory to Realize the Fiscal Bonds On December 16 of the same year, the Eleventh Central Governmental Conference passed the People’s Republic of China First Triumphant Bonds Provisions in 1950. This is the earliest public debt of New China. Fulfilling public debt raising and debt service, both