Thursday, October 22, 2020
Tags Chinese local government

Tag: Chinese local government

Hidden Debt of Chinese Local Government Could Be as High as $5.8 Trillion: S&P

A new report from S&P Global Ratings says the hidden debt of China's local governments could be as high as 40 trillion yuan (approx....

China Builds Monitoring System for Local Government Debt

The Chinese government plans to launch a system to monitor local government debt as part of efforts to contain economic leverage. Sources from the Ministry...

Beijing Cancels Ceiling on Purchase of Local Government Bonds by Underwriting Banks

China's banking and insurance regulator has cancelled the ceiling on the purchase of local government bonds by underwriting banks as part of efforts to...

Beijing Targets Hidden Local Government Debt with Two New Directives

The Chinese central government is stepping up its crackdown on the hidden debt of local government with the recent launch of two new directives,...

Offshore Financial Institutions Distribute Chinese Local Government Bonds for the First Time

Financial institutions outside mainland China have been allowed to directly participate in the sale of Chinese local government debt for the first time. The Guangdong...

Special Bond Issuance Set to Peak in September, MOF to Demand 40 BP Premium

Beijing's latest call for the accelerated issuance of special bonds by Chinese local governments in the second half is expected to lead to a...

Long-term PPP Expenditures Deemed Hidden Local Government Debt

The Chinese government's scrutiny of local government debt and public-private partnerships (PPP) is intensifying, with the launch of new measures to curb hidden debt...

Chinese Cities Launch Record Number of Property Control Policies in 2018

Municipal governments around China unveiled nearly 200 property control policies in the first half of 2018, as Beijing seeks to ensure that homes are...

Local Government Debt Stood at 16.6 Trillion Yuan as of End of May

The latest data from the Ministry of Finance (MOF) indicates that the total debt balance of China's local governments exceeded 16 trillion yuan as...

State-owned Enterprises Banned From Financing Chinese Local Government

China's Ministry of Finance has put the kibosh on state-owned finance enterprises providing financing to local governments outside of bond purchases, as part of...

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Chinese Central Bank Helps Crack Cross-border Gambling Case Involving Tether Stablecoin

The People's Bank of China (PBOC) has just helped local authorities in the Guangdong province city of Huizhou to crack a cross-border...

Chinese Central Bank’s Digital Currency Research Institute Enters Strategic Cooperation with China’s Rural Credit Clearing Centre

The Digital Currency Research Institute of the People's Bank of China (PBOC) has entered a strategic cooperative agreement with the Rural Credit...

Chinese Housing Prices Enter the “10,000 Yuan Era”

Domestic analysts say that the Chinese housing market has just seen average prices rise permanently above the threshold of 10,000 yuan (approx....

NDRC Is “Confident” Chinese Economy Will Meet Annual Targets for 2020, Says Employment Has Risen Nearly 9M Since Start of Year

China's National Development and Reform Commission (NDRC) says it is confident that the Chinese economy will satisfy the full-year targets set by...