Econ and Finance - 07 Jul 2020

Last batch of annul SPBs quota is out

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Word is out, the Ministry of Finance (MoF) just approved another RMB 1.26 trillion in local government special purpose bonds (SPBs) and has already distributed them to provincial governments.

This means that the entire RMB 3.75 trillion SPB quota for2020 has now been allocated.

Some context:R...

Snuh-ohez.

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