China’s Ministry of Finance begins press conference, will tap unused bond reserve to aid real estate, local governments
10:36AM
‘Srongest’ debt relief measures planned
Finance Minister Lan has laid out what he has termed the “strongest” debt relief measure undertaken by China in years.
To alleviate debt pressures on local governments, he said, a one-time, large-scale debt ceiling increase will be employed to swap with local governments’ hidden debts.
The ministry will continue to allocate a portion of annual special bonds specifically to address existing debt related to government investment projects, he added.
$LI AUTO-W(02015)$
$Li Auto(LI)$ $XPENG-W(09868)$
Modified in.10-12
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments
China always has room and for the 1st time going all out to support the economy & financial markets. If china wants to do something, it gets done! Go with the trend; don't fight the CCP.