A slow and steady future for SPBs
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
On Thursday, Caixin reported on provincial-level efforts to streamline the issuance of Special Purpose Bonds (SPBs).
Some context: SPBs – first introduced in 2015 – are one of the primary ways that local governments fund infrastructure projects.
SPB issuance was only at 16% of the allotted yearly q...