China’s local gov’t bond issuance hits 442.9 bln yuan in October

BEIJING, Nov. 17 (Xinhua) — China’s local government bond issuance reached 442.9 billion yuan (about 67.35 billion U.S. dollars) in October, data from the Ministry of Finance showed Tuesday.

The figure took the total local government bond issuance for the year to 6.12 trillion yuan by the end of last month.

In the first 10 months, the issuance of new bonds amounted to 4.49 trillion yuan, accounting for 94.9 percent of the 4.73-trillion-yuan quota planned for the year, the data showed.

China has accelerated the issuance of local government bonds this year to facilitate the timely implementation of various projects in order to mitigate the impacts of the novel coronavirus outbreak.

Related posts

Macao’s new approved residential mortgage loans rise 6.7 pct in November 2020


China releases rules on foreign investment security review


Hong Kong FinTech 2020 attracts world’s experts to discuss future trend of fintech