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BEIJING (MNI) - The following lists highlights from Chinese press reports
The issuance of local government bonds in China will rise to a small peak
after many local authorities delayed issuance due to the Chinese New Year
holiday and the epidemic in February, the Securities Daily reports. CNY135.8
billion of bonds were set to be issued over four days since Feb. 20 with the
recent resumption of work, the Daily said. Of these bonds, infrastructure-backed
special bonds by local governments may hit CNY3.3 trillion for the whole year,
according to Wen Siji, analyst at New Time Securities. This compares to previous
market expectations of CNY3 trillion before the coronavirus outbreak, the
China should speed up the transfer of shares in State-Owned Enterprises
(SOE) to social security funds as the epidemic weighs on fiscal revenues in
2020, China Securities Journal reports. Citing Wen Zongyu, director of the
Public Capital Research Center under the Chinese Academy of Fiscal Sciences, the
report said the government should use dividends from those shares as soon as
possible and establish a national coordination mechanism to help regions
experiencing economic hardship. China transferred CNY 1.3 trillion's worth of
shares in SOEs to social security funds in 2019, according to the Journal.
Senior Chinese medical adviser Zhong Nanshan says he is confident the
epidemic will be largely under control by the end of April, The Paper reported.
Zhong said mathematical modelling has predicted a peak of outbreaks after a
large number of people travelled back to cities for work. This peak in the
epidemic had not yet appeared amid the current peak of returning workers, Zhong
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