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Shenzhen local government explores direct offshore bond issuance, not via financing vehicles

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Shenzhen is exploring the possibility of issuing offshore government bonds directly in Hong Kong and Macau, instead of raising funds via its financing vehicles.

The city's local finance bureau proposed the plan at the annual local legislature meeting earlier this week, part of the efforts to reinforce connections with financial markets in the two cities, reported the local government-run Shenzhen Special Zone Daily.

It would be the first direct offshore bond sales by . . .

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