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Local Gov Bond Sales To Peak In Q3

CHINA PRESS
MNI (Singapore)

Local-government bond issuance will peak in Q3 with over CNY2 trillion deals planned to be issued, which will greatly support infrastructure investment, China Securities Journal reported. A total of CNY2.36 trillion bonds are planned to be issued by 27 regions, with Sichuan, Guangdong, and Hunan provinces all exceeding CNY100 billion, the newspaper said. National Development and Reform Commission said it has finished the screening of 2024 local special-bond projects, which means physical workload will be form at a faster pace and infrastructure investment will keep stabilising the economy, said Feng Ling, head of research at Golden Credit Rating.

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