Econ and Finance - 23 Oct 2020

MoF releases data on local government bond issuance

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On Wednesday, the Ministry of Finance (MoF) dropped the latest data on local government bond issuance.

A refresher: Local governments have been using special purpose bonds (SPBs) as a primary source of fiscal stimulus. The annual quota for SPBs this year is RMB 3.75 trillion, with RMB 200 b...


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