Wednesday, October 28, 2020
Tags Chinese local governments

Tag: Chinese local governments

Beijing Orders Local Governments to Tackle Hidden Debt Pile

The Chinese central government has ordered local governments to thoroughly investigate and curb their "hidden debt" levels as part of ongoing efforts to deleverage...

China’s Local Governments Rolled over 100 Billion Yuan in Debt in First Half of 2018

China's local governments are using much of the funds raised from new bond issues to repay outstanding debt on track to mature. Data from China's...

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Further Opening of Financial Sector Is Inevitable: Chinese Central Bank Chief

Yi Gang (易纲), the governor of the People's Bank of China (PBOC), has highlighted the external opening of the Chinese financial sector...

Zhou Xiaochuan Denies that Belt and Road Is Debt-trap Diplomacy

The former governor of the Chinese central bank has addressed accusations that China's much vaunted Belt and Road Initiative perpetrates a form...

Shenzhen the Stage for Further Chinese Depository Receipt Reforms as China Drives Capital Market Internationalisation

The southern tech hub of Shenzhen is set for further trials of Chinese Depository Receipts (CDR) as part of broader reforms to...

Chinese Central Bank Says No Competitive Relationship Between Digital Renminbi and Alipay or WeChat Pay

The head of the People's Bank of China's (PBOC) Digital Currency Research Institute has provided more details on the potential impact of...