China's onshore LGFV bond issuance hit new record high in Q1 amid infrastructure push

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

China's onshore bonds issued by local government financing vehicles (LGFVs), borrowing units set up by local authorities, hit an all-time high in the first quarter after record issuance in 2019, boosted by an infrastructure push to shore up the coronavirus-hit economy.

Supportive domestic credit easing measures to counter the negative impact from the coronavirus pandemic continue to facilitate LGFV onshore bond issuance, according to the Moody's Investors Service.

Total issuance in the first quarter hit a record high of 1.06 trillion yuan, up 23 per cent from Q1 2019, it . . .

Sign In or Subscribe To Get Full Access.

Everything you are looking for about China markets is on THE WIRE, with up-to-the-minute reporting on regulatory updates, economic indicators, market trends and company spotlights throughout every trading day.

Random China information is everywhere, but focused and systematic reporting on China market is rare.

TRY US FOR FREE