LGFVs to the (temporary) rescue
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
With the property market slowing, local government financing vehicles (LGFVs) are becoming bigger players in land auctions.
Based on local government land auction data compiled by Zhongtai Securities – and published by Caixin on Tuesday – from July to mid-November, LGFVs acquired 13.38% of land...