An increasing number of Chinese regions are disclosing plans to issue refinancing special bonds for swapping local government hidden debts.
On Friday, Hebei Province announced a plan to issue 28.1 billion yuan of 30-year refinancing special bonds for swapping hidden debt. On the same day, Sichuan Province said that it will issue 79.4 billion yuan of such bonds, including 26 billion yuan of 10-year bonds, 26 billion yuan of 15-year bonds, and 27.4 billion yuan of 30-year bonds.
Yunnan Province announced a 55.5 billion yuan issuance of . . .
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