Chinese local governments issued nearly 1 trillion yuan special-purpose bonds, full-year sales likely to exceed 5 trillion
STOCKS
Chinese local governments issued nearly 1 trillion yuan special-purpose bonds, full-year sales likely to exceed 5 trillion
STOCKS

Chinese local governments issued nearly 1 trillion yuan special-purpose bonds, full-year sales likely to exceed 5 trillion

 

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Chinese local governments accelerated bond issuance, with nearly 1 trillion yuan special-purpose bonds sold in the first two months. Analysts estimate full-year local government bond sales are likely to exceed 5 trillion yuan as authorities step up efforts to boost the economy hit by the coronavirus outbreak.

Local governments issued 949.8 billion yuan new special-purpose bonds in the first two months, according to data released by the Ministry of Finance on Tuesday, accounting for 73.6 per cent of the quota delivered in advance by the ministry. That compares to 38 per cent . . .

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