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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessChina should grant more rights to.......>
CHINA PRESS: China should grant more rights to local governments to issue bonds
in order to increase direct funding and establish a multilevel capital market,
the China Business News reported Monday, citing Xu Zhong, director of People's
Bank of China Research Bureau. Local governments should be able to issue bonds
according to their needs and market demand, and the central government should
relax controls on bond issuance, Xu suggested. The current central approval
system has abused the definition of municipal bonds, he added, and restricted
the issuance of local government bonds. China needs to allow the bankruptcy of
local state-owned enterprises and even local governments to reverse market
expectations that the central government will rescue them, Xu said. (China
Business News)
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.