Local Gov'ts to Issue 250 Bln Yuan in Bonds

(Beijing) – China's local governments plan to issue a total of 250 billion yuan worth of local bonds this year, an increase of around 50 billion yuan compared to previous years, Caixin confirmed with local and central government regulators.

A source from the Jiangxi provincial government's Department of Finance told Caixin that the Ministry of Finance has set a quota of 250 billion yuan for this year's local government bond issuance. The source added that Jiangxi Province has already submitted applications for bond issuances to the ministry.