MNI BRIEF: RBA To Change Policy Implementation Mechanism

MNI BRIEF:Trudeau Opens Fiscal Taps On Housing Before BOC Meet

MNI BRIEF: Market Pricing Compatible With 2% Target -De Cos

CORRECTED-MNI: Changing Brazil Fiscal Target Not "Plan A"

MNI BRIEF: PBOC To Curb Any Overshooting Of The Yuan-MPC

MNI China Daily Summary: Wednesday, April 3

MNI: AUSTRALIA FEB BUILDING APPROVALS -1.9% M/M, -5.8% Y/Y

MNI: AUSTRALIA MAR DWELLING APPROVALS -1.9% M/M

US Treasury Auction Calendar

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

The moral hazard related to local.............>

CHINA
CHINA: The moral hazard related to local government debt cannot be stemmed, as
China has no clear definition of local government bankruptcy, Xu Zhong, head of
the research department at the People's Bank of China, said at an economic forum
on Friday. The fiscal mismatch between local and central governments has
worsened the moral hazard related to the unlimited expansion of central
government debt, Xu noted. With no definition of "bankruptcy," the goal of
state-owned enterprise reform -- improving company governance -- will never be
achieved, Xu said.
Energy BulletsCommodities
Energy BulletsCommodities

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.