2013-11-13
China Tightens With Stricter LGFV Issuance Rules
The author is Nomura economist Zhiwei Zhang The Chinese-language Economic Information Daily (owned by the Xinhua News Agency), reports that yesterday the National Association of Financial Market Institutional Investors (NAFMII) adopted new, more restrictive, rules on bond issuance by local government financing vehicles (LGFVs) and infrastructure-related enterprises. The NAFMII, under the leadership of the People's […]
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