Thu 11/09/2023 00:05 AM
UPDATE 1: 12:05 a.m. ET 11/9/2023:
As of the end of October, 26 provinces in China had disclosed plans to issue a total of CNY 1.043 trillion in special refinancing bonds, according to a
report (Chinese) by Guojin Securities.
The special refinancing bond issues from local governments are part of an action plan drawn up during a Politburo meeting held back in July, when the country’s leaders pledged to formulate “a basket of plans” to resolve risks stemming from local government...
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