China allows 4 local govts to issue bonds
Updated: 2011-10-20 17:29
(Xinhua)
|
|||||||||||
BEIJING -- China's four local governments got approval to issue their own bonds, a move which is expected to ease their financial strains and curb the fast-spreading debt risks.
The State Council, or cabinet, has allowed Shanghai, Shenzhen, Zhejiang province and Guangdong province to conduct the pilot program in 2011, the Ministry of Finance said on its website.
Related Stories
Local debts controllable amid tightening regulations 2011-09-12 10:52
Local debt NPL problems to loom by '13: Poll 2011-09-20 10:48
China to tighten local debt management 2011-08-26 13:33
No state bailout needed for local debt 2011-07-07 11:17
- Time for China to dump US debt?
- 4 local govts allowed to issue bonds
- Investment from EU drops in Sept
- Themed restaurants attract many curious customers
- China still important IPO market: NASDAQ
- China reviews audit firms
- Local govt debts controllable: Regulator
- China to establish nationwide social credit system
