Friday, March 5, 2021
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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China’s Biggest Bank Flags Commitment to Green Finance

A senior executive from the Industrial and Commercial Bank of China (ICBC) - China and the world's biggest bank in terms of...

Digital Renminbi to Integrate with Chinese Blockchain System “Chang’an Chain”

The People's Bank of China (PBOC) - being the Chinese central bank - plans to integrate the Digital Renminbi with a locally...

ByteDance Applies for Registration of “BytePay” Trademark

TikTok-owner ByteDance appears intent on expanding the range of online services and products it provides with its application to register aNOTHER payments-related...

China’s Banking Regulator Highlights Success of Risk Containment Efforts in 2020, Focal Points for Policy in 2021

The head of China's banking regulatory has touted the progress of effort to contain risk in the Chinese financial system, while also...