Caixin
Sep 04, 2018 07:16 PM
ECONOMY

Big Banks Vow to Buy More Local Government Bonds

The under-construction Puqian Bridge is seen in Wenchang, Hainan province, on Aug. 27. Photo: VCG
The under-construction Puqian Bridge is seen in Wenchang, Hainan province, on Aug. 27. Photo: VCG

* Banks’ pledges to buy more local government bonds come as the country’s policymakers are introducing measures to inject liquidity into the interbank market to support economic growth

* Banking regulators have not confirmed whether they will allow the risk weighting of banks' local government bond holdings to be reduced to zero from the current 20%

(Beijing) — China’s big state-owned banks have pledged to buy more local government bonds despite uncertainty about whether a reported incentive to grant them risk-free status will take effect.

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