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China Allocates 2023 Local Government Bond Quotas Early

CHINA PRESS
MNI (Singapore)

The Ministry of Finance has front-loaded some of next year’s quota of local government bonds to stimulate investment, which is one month earlier than last year, Securities Daily reported citing local finance departments. Fujian province said it has been allocated CNY103.4 billion of new debt quotas in November, which will be used to support the construction of transportation infrastructure, new energy and high-tech projects. Fujian is accelerating to get projects prepared and plans to launch the bond sales as soon as possible in January, the newspaper said.

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