Monday, November 30, 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 Banks Suspend Trading of Gold and Platinum Due to Concerns over Post-US Election Price Plunge

A slew of leading Chinese banks have announced the suspension of trading of gold and platinum due to concerns over market volatility...

Kuaishou Could Acquire Payments License, Joins Ranks of Chinese Tech Giants Making Forays into Finance

Chinese video-sharing platform Kuaishou could be preparing for a foray into the fintech sector by grabbing a payments license via the acquisition...

Bank of China Forecasts 7.5% GDP Growth for China in 2021

Big state-owned lender Bank of China (BOC) has issued a rosy forecast for Chinese GDP growth in 2021 following efforts to contain...

Chinese Central Bank Undertakes 200B Yuan in MLF, 150B Yuan in Reverse Repos on 30 November

The People's Bank of China (PBOC) has announced that it undertook 200 billion yuan in medium-term lending facility (MLF) operations and 150...