China Pilots Bond Issuance by Local Government in Four Provinces

AuthorChina Law Digest compiled news

China's State Council approved Shanghai, Zhejiang, Guangdong, and Shenzhen to start issuing local government bonds on a trial basis in 2011. Hence, China's Ministry of Finance formulated the "2011 Trial Measure in Local Government Bond Issuance" which orders the aforementioned experimental provinces (municipalities) to issue their bonds within the set quota. The Ministry of Finance will be the agent that...

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