The issuance of local government........>

CHINA PRESS: 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.

CNY134.8 billion of bonds were set to be issued in 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 newspaper said.