Trial now
JGBS

Soft Cover At 40-Year Auction

AUSSIE BONDS

Continued Tick Lower

JGBS AUCTION

40-Year JGB Auction Results

EQUITIES

Hong Kong Bucks Broadly Negative Trend

US TSYS

Oil Adding Some Pressure

AUSSIE BONDS

Steepening Pressure Lingers

CHINA PRESS
CHINA PRESS: Hunan Province is expected to issue a policy to strictly limit the
number of local government financing vehicles (LGFVs), 21st Century Business
Herald reported Wednesday. 
- The policy will require LGFVs at the municipal level to be no more than three,
while those at the county level should be within two, the newspaper said; 
- Hunan will also reduce two thirds of the LGFVs in the province by the end of
this year, it said; 
- The province will also make more efforts towards the market-based reform of
LGFVs, including reducing government influence on state-owned companies, further
regulating local governments' financing practices, and preventing local
governments from requiring LGFVs to finance their spending.