Local government bond issuance has......>

CHINA PRESS: Local government bond issuance has reached CNY1.5 trillion so far

this year on Shanghai Stock Exchange alone, Securities Daily reported Thursday. 

  - It took only a month for the issued bonds to increase to the current level

from CNY1 trillion on August 20, the newspaper said; 

  - The surge was due to the central governments' recent policies to speed up

issuance of special bonds to encourage investment, a researcher of a security

was cited as saying; 

  - The Shanghai Stock Exchange is improving the trading system for local

government bonds and is enhancing liquidity of such bonds, the newspaper said,

citing an unidentified source.