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China issues 1.46 trillion yuan in 2022 advance local bond quota

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Published Thu, Dec 16, 2021 · 08:59 AM

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    [BEIJING] China has issued 1.46 trillion yuan (S$312.8 billion) in 2022 advance quota for local government special bonds to help spur investment and support the economy, Vice-Finance Minister Xu Hongcai said on Thursday (Dec 16).

    China aims to issue the special bonds in the first quarter of 2022, focusing on key investment projects, Xu told a briefing.

    China has launched pilot schemes in Shanghai and Guangdong to eliminate hidden local debt, Xu said.

    REUTERS

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