(Bloomberg) -- China’s local authorities are finding it more expensive to sell bonds, the latest sign of rising stress as policymakers ramp up borrowings to ...
-- China’s local authorities are finding it more expensive to sell bonds, the latest sign of rising stress as policymakers ramp up borrowings to stimulate growth and defuse short-term payment risks.Of the local government yuan bonds sold so far this year, 50 carry coupons with a premium of more than 25 basis points with comparable sovereign debt, according to Bloomberg-compiled data. That’s the most since 2020.
“Banks are already well fed after absorbing a large amount of local government bonds,” said Liu Lin, deputy general manager of investment banking at Bank of China Ltd. “Pricing may need to better reflect the market dynamics in the fourth quarter.” The Standing Committee of the Communist Party-controlled parliament will meet later this month to review a bill assigning additional local government debt quotas “in advance,” the state-run Xinhua News Agency reported Friday, another move that will allow China to increase the amount local governments can borrow.
Quinn Mitchell, 15, became known for his pointed questioning of Ron DeSantis in June, which provoked an uncomfortable response from the governor.It's a trap, warns UK spy chief, as Israel prepares for months of brutal urban warfare against Hamas in bombed-out Gaza
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
China Local Governments Are Finding It No Longer Cheap to BorrowChina’s local authorities are finding it more expensive to sell bonds, the latest sign of rising stress as policymakers ramp up borrowings to stimulate growth and defuse short-term payment risks.
Lire la suite »
Philippines denounces China for 'dangerous and offensive' actions in South China SeaExplore stories from Atlantic Canada.
Lire la suite »
Philippines denounces China for 'dangerous and offensive' actions in South China SeaExplore stories from Atlantic Canada.
Lire la suite »
How governments can help charities help those who need it mostThe Hill Times
Lire la suite »
Analysis-Debt squeeze leaves sub-Saharan Africa's governments in fiscal bindExplore stories from Atlantic Canada.
Lire la suite »
London Design Festival plays host to hundreds of local and international exhibitorsIn the British capital for its annual design festival, Odessa Paloma Parker discovers new work that highlights how sustainability and craft are influencing our living spaces
Lire la suite »