China’s LGFV bond issuance hit new record of 5.1 trillion yuan this year, net financing declined on year
China’s LGFV bond issuance hit new record of 5.1 trillion yuan this year, net financing declined on year

China’s LGFV bond issuance hit new record of 5.1 trillion yuan this year, net financing declined on year

 

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China's local government financial vehicles (LGFVs) had issued 5.1 trillion yuan of bonds this year as of November 28, hitting a new record high and representing 400 billion yuan increase from the previous record, according to data from Wind Information, a financial data provider.

Notably, a wide divergence is seen between different LGFVs, with the share of LGFV bonds with low ratings declining and meanwhile, an larger portion were issued by LGFVs of low-risk and more developed regions . . .

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