Beijing opens muni bonds to local governments

China’s local governments will for the first time be allowed to issue municipal bonds independently, according to the final document resulting from the third plenary session.

Beijing opens muni bonds to local governments

China’s local governments will for the first time be allowed to issue municipal bonds independently, according to the detailed final document resulting from the third plenary session.

The report - Decision on major issues concerning comprehensive and far-reaching reforms - released on Friday night, increases the channels through which local governments can raise funds currently Beijing offers such bonds on their behalf and allocates the funds to them.

Beijing's report also...

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