Chinese local government bond issuance stalls

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Via iFeng:

As of May 9, the national local government bonds have been completed the amount of about 866.8 billion yuan, compared to the overall amount of this year, the issue progress is slow.

News show that the Shanghai Stock Exchange recently convened part of the broker to carry out mobilization, asked to increase the local government bond underwriting efforts. There are brokers on the 21st century economic reporter said that this year there are local treasury convened brokerage, hoping to issue local government bonds on the exchange, as a matter of reform in advance.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.