China Issued A New Batch Of New Local Debt Quotas

A new batch of new local debt quotas has been issued to the provincial finance department recently. Theoretically, the maximum amount that can be issued in this batch is about 1.9 trillion yuan, of which 0.3 trillion yuan is general debt and 1.6 trillion yuan is special debt. It was also learned that the regulatory authorities have not yet put forward requirements on the time limit for issuance and use.

As of May 21, 75% of the local government bonds issued in advance have been approved, and 12 provinces and cities have completed the issuance of local government bonds approved in advance. The new batch of quotas can be officially released as soon as mid-to-late June.

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