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Local Governments Could be Permitted to Accelerate Bond Sales

CHINA
  • Bloomberg reports that China's Ministry of Finance are set to allow local governments to sell as much as CNY 1.5trl (~$220bln), according to unnamed sources. The move would mark a sharp increase in the pace of funding for infrastructure across the second half of this year.
  • The piece adds that the bond sales would be brought forward from the quota allocated to 2023 - and would the first occasion in which bond sales have been fast tracked in this manner.

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