China’s onshore bonds issued by local government financing vehicles (LGFVs) surged in the first half of the year after record issuance in 2019, boosted by an infrastructure push and lower borrowing cost.
In the first six months, LGFV bond issuance surged 30 per cent from the same period last year to 2 trillion yuan, with monthly issuance in March and April both exceeding 500 billion yuan, shows data from the China Chengxin International Credit Rating Co . . .
To continue reading, please subscribe. You will get
- THE WIRE - An Unrivalled Real-Time Platform providing up-to-the-minute updates of market-moving news and views utilizing a network of journalists, traders, brokers, analysts, etc. Here are some screenshots of the wire updates.
- IN-DEPTH & DATA-DRIVEN reporting on China's economy, policy and financial markets.
- DETAILS - We bring you important details that you won't find elsewhere.
- WEEKLY NEWSLETTER with Editors' Picks
GRAB OUR CHRISTMAS OFFER. Starting from $9.9 !
Already have an account? Sign In