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China Allows Shenzhen to Sell Bonds Overseas: Paper

CHINA PRESS

China has allowed Shenzhen to issue government bonds in the overseas offshore yuan market as a trial, The Paper reported citing the notice from the National Development and Reform Commission. The issuance of yuan bonds in foreign markets by local governments will effectively release local financial pressure, promote the internationalization of the Yuan, and increase the liquidity and risk resistance of local debts, the Paper reported citing Wang Yuanwei, an analyst from the National Development Bank.

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