Free Trial

Local Governments May Issue Special Bonds For Urban-village Renovation

CHINA PRESS
MNI (Singapore)

Chinese authorities may allow local governments to issue special bonds early to renovate run-down neighbourhoods in big cities next year as 2023's special bond issuance programme closes, 21st Century Business Herald reported citing anonymous sources familiar with local investment and financing. Some market analysts predict that the annual investment scale of urban-village renovation will exceed over CNY1 trillion, though the source of funds remain uncertain. Some local governments have started to prepare special bond projects for 2024, and urban-village reconstruction is one focus, the newspaper said.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.