Chinese exchanges further tighten rules for LGFV bond issuance

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Chinese exchanges further tightened rules for bond issuance by local government financing vehicles (LGFVs), with measures including limiting quota for LGFVs from certain regions and asking some LGFVs to cut sizes of bond issuance which are used to roll over maturing bonds, reported by The 21st Century Business Herald and confirmed by multiple industry insiders.

Several industry insiders say that they have been informed of the changes by exchanges in Shanghai and Shenzhen, although the . . .

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