Logo 25 Oct 2021

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

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On Friday, the Ministry of Finance (MoF) held a presser.  The headline: Local governments need to complete issuance of their entire annual special purpose bond (SPB) quota by the end of November.  Some context: As of September, local governments had issued RMB 2.22 trillion of SPBs – rough...