Trivium Neopol - Econ and Finance | Logo 14 Jan 2022

Who’s afraid of the LGFV?

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On Thursday, Bloomberg scooped that multiple state-run banks had imposed new restrictions on real estate loans to local government financing vehicles (LGFVs).

Some context: LGFVs borrow on behalf of – you guessed it – local governments. But debt raised by LGFVs isn’t included on government balan...


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