China in infrastructure drive via local govt bonds
More than Rmb1 trillion of special-purpose bonds could hit the onshore market by October-end and offer a premium over the Chinese risk-free rate. But buyers beware.
China is turning to tailor-made local government debt to fund infrastructure projects and support the economy, but investors tempted by such bonds should be wary of putting their money to work in overly crowded sectors.
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.