China Likely To Fund Infrastructure With Extra Bond Sales In Q4

China is likely to front-load a portion of the quota of next year’s infrastructure-back local government special bonds in Q4 to boost investment and stabilise economic growth, the China Securities Journal reported citing analysts. The allocation, most likely in November, could amount to CNY1.4-1.8 trillion given that front-loaded quotas all exceeded CNY1 trillion in previous years, the newspaper said citing Wang Yunjin, senior researcher of Zhixin Investment Research Institute. The fiscal boost may be directed into areas including transportation and logistics, water conservancy, municipal facilities and industrial parks, Wang was cited as saying. In the first three quarters of this year, the issuance of new special bonds exceeded CNY3.54 trillion, the newspaper added.