China to front-load another 1 trillion yuan quota for special-purpose bond, state planner defines "new infrastructure"

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

China will front-load another 1 trillion yuan quota for local government special-purpose bonds in a move to boost infrastructure investment and short up the economy hit by the coronavirus outbreak.

China’s Ministry of Finance plans to issue another 1 trillion yuan ($141.3 billion) in advance quota for local government special bonds, debt which is used to fund major infrastructure projects, Wang Kebing, an official from the ministry, said at a press briefing on Monday.

"The finance ministry is currently working with local governments to match the quota with specific projects and . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE

We offer limited-time welcome discount to let more people experience the value of our exceptional services. Don't Miss Out - Grab it!