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Government To Issue CNY1.6 Trillion Of Local Bonds In Q1

CHINA PRESS
MNI (BEIJING)

China will issue CNY1.6 trillion of local bonds in Q1 this year, with new bonds accounting for CNY1.04 trillion and refinancing bonds about CNY600.7 billion, according to experts interviewed by Yicai. The government plans to raise over CNY400 billion of the bonds in January and February, with the remaining majority of funds coming in March, Yicai noted. The government has recently prioritised reviewing the additional CNY1 trillion of special bonds announced in Q4 last year, meaning issuance of local bonds in Q1 will begin slowly. Experts expect authorities to issue CNY9 trillion of local bonds for 2024 in total. (Source: Yicai)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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