Logo 23 Aug 2023

No Zunyi for you

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Trivium Markets keeps you briefed on the latest developments in China markets policy.

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Beijing appears to have shut the door to one avenue for local government financing vehicles (LGFVs) to restructure their debts – ultra-long-term loans.

On Monday, Caixin reported that regulators won't replicate the model used to bail out Zunyi Road and Bridge Construction Group, an LGFV in Guiz...