Thursday, October 22, 2020
Tags Local government debt

Tag: Local government debt

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...

China Suspends Funding for Shantytown Overhauls Due to Debt and Property Price Concerns

One of China's main policy banks has suspended the provision of funds for the redevelopment of shantytowns, amidst concerns about risk in relation to...

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...

Jiangsu, Guangdong, Hebei Obtain Biggest Quotas for Local Government Debt

Fresh data provides a clearer picture of the new bond quotas received by local governments, in the wake of a crackdown by China's financial...

Increase the Market-based Pricing of Local Government Bonds: Ministry of Finance

China's Ministry of Finance is launching measures to raise the role of the market in the pricing of local government bonds. On 8 May MOF...

Issuance of Local Government Debt Quotas Set to Accelerate: MOF

China's Ministry of Finance has indicated that it will accelerate the process of issuing debt quotas to the country's local governments. The "Notice Concerning Strengthening...

21 Trillion Yuan Ceiling on Chinese Local Government Debt Set for 2018

China's Ministry of Finance has set a debt ceiling for local governments in 2018, as part of efforts to deleverage the economy and contain...

Ministry of Finance Defends China’s Debt Levels, Says Systemic Risk Under Wraps

The head of Ministry of Finance says that the Chinese government's debt levels are still well beneath a hazardous threshold, and that it is fully...

Financial Risk Still the Focus, Special Bond Issuance to Hit 1.35tn in 2018: Li Keqiang

Speaking at the inaugural meeting of the 13th National People’s Congress on 5 March, Chinese Premier Li Keqiang emphasised the central government's ongoing commitment...

Beijing Tells Insurance Sector Not to Covertly Fund Local Governments

China's insurance regulatory has cautioned the country's insurance funds against providing covert funding to local governments, amidst a crackdown on regional debt. Chen Wenhui, deputy...

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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...