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Failing Financial Vehicles Should File for Bankruptcy: Herald

CHINA PRESS
MNI (Sydney)

Local government financial vehicles (LGFV) which fail to repay debts may be required to file for bankruptcy and liquidate assets and restructure their debt, the 21st Century Business Herald said citing a document from the State Council. A LGFV bankruptcy is however unlikely in the short term, as it risks the region's ability to obtain future financing, the newspaper said citing unidentified market sources.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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