China Issued A New Batch Of New Local Debt Quotas

According to public information from China Central Depository & Clearing Co., as of May 23, the scale of new local bond issuance exceeded 2 trillion yuan, accounting for nearly 80% of the pre-approved quota.

Experts said that the progress of the follow-up special bond issuance will be further accelerated, and it is expected that the issuance task of 3.8 trillion yuan for the whole year will be basically completed in the third quarter.

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