Bonds issued to revitalize..............>

CHINA PRESS: Bonds issued to revitalize shantytowns in Chinese cities are likely

to become the fourth type of special bonds allowed to be issued by local

government, said 21st Century Business Herald on Thursday. 

 - Many local governments welcomed the shantytown renovation bonds, as they

believed the bond will lower the funding costs;

 - Previous three special bonds were introduced in 2017, including special bonds

backed by land reserves, and two other bonds supporting the building of toll

roads and rail roads, the report said. The three special bonds issued totaled

CNY286.7 billion in 2017, accounting for around 35% of the quota of special

bonds.