China Asks to Postpone Special Bond Sales to Help 2022: Herald

China's financial regulators are asking regional governments to delay some of their special-purpose bonds, often used to fund infrastructure, to December, in order to help boost investments that would show up early next year, the 21st Century Business Herald reported citing unidentified government sources. Regional authorities then must use up the remaining quotas for this year by September, including on urban revivals and roads, the newspaper said. China is expected to issue more special-purpose bonds in the second half than the same time last year. It has sold CNY1 trillion in H1, which was slower than last year, the newspaper said citing an internal meeting by the authorities. MNI noted that China has signaled growth this year is almost certain to hit the earlier set targets and is leaving the ammunition to deal with the more uncertain next year.