China local government bonds

China has embraced the idea of defaults imposing some discipline on debtors in its bond market. And some of the most troubled debtors are local governments’ financing vehicles. So an LGFV China’s central bank has changed the way it calculates how much money flows into the real economy to reflect recent changes in the availability of local government funding.

25 Mar 2019 China has embraced the idea of defaults imposing some discipline on debtors in its bond market. And some of the most troubled debtors are  A Chinese local government investment arm narrowly escaped a bond default, ending yet another scare that could have shaken belief in Beijing’s support for such borrowers. China has brought forward 1 trillion yuan ($142.07 billion) of the 2020 local government special bonds quota to this year as it seeks to avert a sharper economic slowdown. China will ease restrictions on how local governments can spend money raised through sales of so-called special bonds, in a move analysts said was aimed at stemming the economic slowdown.

15 May 2019 Local Government Financing Vehicles (LGFV) bonds have regained After China's economy turned the corner in Q1, one of the key risks to 

Despite the recent rapid growth in issuance, the local government bond market in China is still developing in some key respects: There tends to be little difference in market pricing of credit risk, both across types of bonds (special and general bonds) and across issuers. China has embraced the idea of defaults imposing some discipline on debtors in its bond market. And some of the most troubled debtors are local governments’ financing vehicles. So an LGFV China’s central bank has changed the way it calculates how much money flows into the real economy to reflect recent changes in the availability of local government funding. China's Finance Ministry told local governments on Tuesday to speed up issuance of special bonds used to fund infrastructure projects, as Beijing looks to boost investment amid slowing economic China is likely to become the world's largest local government bond issuer within five years — given the fast growth of the Chinese version of municipal bonds — as a way to facilitate debt An Introduction to Chinese Local Government Debt . Xun Wu. 1. Bonds include both local government bonds (issued by local government agencies) and corporate bonds (issued by LGFVs and SOEs). The category of “Others” includes financing channels such as private institutional and individual

21 Sep 2018 Foreign participation in Chinese bond markets is tiny – only 7% of CGBs and less than 2% of local credit. But by a process of both compulsion 

12 Feb 2020 China's provincial-level governments have been given the green light to issue a further 290 billion yuan ($41.6 billion) of special-purpose  Credit risk; government bonds; local government in. China; marketization. Local government bonds (LGBs) are recent additions to the Chinese bond market. in the domestic Chinese bond market since 2005. Local Government Bonds ( Munis) Provincial and new local government bond market is still developing,.

12 Feb 2020 China's provincial-level governments have been given the green light to issue a further 290 billion yuan ($41.6 billion) of special-purpose 

15 May 2019 Local Government Financing Vehicles (LGFV) bonds have regained After China's economy turned the corner in Q1, one of the key risks to  13 Nov 2018 China's credit report shows that local government bond issuance has experienced an abrupt decline, implying the limit for this year's fiscal  21 Sep 2018 Foreign participation in Chinese bond markets is tiny – only 7% of CGBs and less than 2% of local credit. But by a process of both compulsion 

China is likely to become the world's largest local government bond issuer within five years — given the fast growth of the Chinese version of municipal bonds — as a way to facilitate debt

28 Jul 2019 Chinese local government debt. In contrast to the U.S. municipal bonds, Chengtou bonds are issued by private corporations but implicitly  EXECUTIVE SUMMARY. China's local government debt has increased quickly in recent years, especially at lower level governments. Although the total size of  11 Jun 2019 China issued new local government bonds worth 1.4596 trillion yuan in the first five months of 2019, official data showed Tuesday. 23 Jan 2019 BEIJING — The bond issuance by China's local governments dropped mildly last year, and the debt level stayed within the reasonable range,  15 May 2019 Local Government Financing Vehicles (LGFV) bonds have regained After China's economy turned the corner in Q1, one of the key risks to  13 Nov 2018 China's credit report shows that local government bond issuance has experienced an abrupt decline, implying the limit for this year's fiscal 

27 Oct 2019 Local governments in China are facing heavy debt burdens, a low level of fiscal transparency and a lack of constraints by local democracy. Not only the central government but also local governments should be allowed to issue debt under strict conditions. 27Ageing, unemployment and widening