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Local Special Bond Sales May Quicken In Q2 - Analyst

CHINA PRESS
MNI (Singapore)
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The issuance of local government special bonds in Q1 is lower than previous years but should accelerate in April and May, said Huang Weiping, analyst at China Industrial Securities. Local bond sales were squeezed out by the additional issuance of CNY1 trillion special treasury bonds in Q4 last year. Yuan Haixia, executive director of China Chengxin International said it was necessary to open a “green channel” for special bond projects to help start work quicker. (Source: Shanghai Securities News)

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The issuance of local government special bonds in Q1 is lower than previous years but should accelerate in April and May, said Huang Weiping, analyst at China Industrial Securities. Local bond sales were squeezed out by the additional issuance of CNY1 trillion special treasury bonds in Q4 last year. Yuan Haixia, executive director of China Chengxin International said it was necessary to open a “green channel” for special bond projects to help start work quicker. (Source: Shanghai Securities News)