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

CHINA PRESS
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.

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