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
  • THE WIRE  - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
  • DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare. 

 

FREE TRIAL cancel anytime

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

Already have an account? Sign In

Top