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URBANIZATION NEWS

Bond Issuance Boost in The Pipeline
19 Dec, 2018

Local governments are expected to accelerate bond issuance next year, to raise more funds for infrastructure construction projects and stabilize economic growth, according to analysts.

The country's top legislators will deliberate a proposal for assigning part of the 2019 bond issuance quota to local governments, during a seven-day meeting starting from Dec 23, 2018, according to a statement on the National People's Congress website.

That means local governments could issue new bonds starting from January, much earlier than May as usual, to accelerate fundraising and support government-led infrastructure construction.

Source: China Daily