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Wan LixinOpinion deputy editor of Shanghai Daily
Stray dogs in short supply as students rush in to walk them – at what risks?
Turning 60 but still working? How to encourage China’s retirees back to work
Sunday
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Local bond issuance backed in FTZs
Print Edition
CHINA will encourage local governments to issue bonds in free trade zones this year, the Ministry of Finance said yesterday.
Governments of regions with mature conditions can “actively” issue bonds in FTZs, according to a circular released by the ministry.
Local officials were also told to attract more foreign-funded financial institutions to participate in underwriting.
To rein in rising debt risks, China overhauled the management of government bonds in 2014, streamlining fundraising channels for local authorities while putting a cap on annual bond issues.
New local government bonds cannot exceed the annual caps, the ministry said.
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