18 October 2019

PBoC readies for municipal bond issues, paper says

The People’s Bank of China will speed up technical preparations for the launch of municipal bonds this year to give local authorities more options for funding infrastructure programs, the China Securities Journal reported Friday, citing a statement. The central bank will continue to monitor potential risks arising from local government debt, the paper said. It will also encourage banks to replenish their lending pools and direct more loans to companies driving technology, modern services and urbanization, according to the report.

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