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Local government debt issuance this.....>

CHINA PRESS
CHINA PRESS: Local government debt issuance this year reached CNY3.53 trillion
as of September 27, the China Securities Journal reported Thursday. According to
a report by China International Capital Corporation, around CNY4.88 trillion in
local government debt is expected to be issued this year, so CNY1.3 trillion
remains to be issued the rest of the year, or around CNY450 billion on average
every month, according to the newspaper. As large amount of local government
debt swaps have been issued in the past three years and only CNY1 trillion to
CNY1.5 trillion such swaps are left for 2018, putting much less debt pressure on
local governments.  (China Securities Journal)

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