Press "Enter" to skip to content

China’s local government bond issuance hit new record high in May

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China has accelerated local government bond issuance this year, with the issuance hitting a new record high in May, to boost investment and mitigate the impacts of the coronavirus pandemic.

Local governments issued a total of 1.3 trillion yuan bonds in May, the highest one-month amount on record, according to data from the Wind Information. The previous record was seen in April 2016 when local authorities issued 1.06 trillion yuan bonds.

The . . .

To continue reading, please subscribe. You will get

 

  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • DETAILS MATTER - we bring you details that you won't find elsewhere
  • THE WIRE  - up-to-the-minute updates of market-moving news and views
  • DAILY BRIEF - daily newsletter to give you a quick overview of the most important business news every day.

FREE TRIAL cancel anytime

LIMITED-TIME OFFER - 50% OFF

 

We highly value independence. We are solely funded by subscriptions from intelligent readers like you. 

Already have an account? Sign In

Top