Tag Archives: S&P China Provincial Bond Index
Asia Fixed Income: Record Supply of Chinese Muni Bonds
The Chinese Ministry of Finance (MoF) recently rolled out another muni replacement program of legacy local government debt, as the previous muni replacement quota of RMB 1 trillion only addresses about half of the local government debt that is due to expire in 2015. With the robust expansion plan, it is expected that the total…
- Categories Fixed Income
- Other Tags
- Categories
- Fixed Income
- Other Tags
Getting there – China Municipal Bond Market
China has recently announced some potential changes in its municipal bond market, which will allow the local governments to sell bond on their own credits, as opposed to the majority of local government bonds that are currently issued by the Ministry of Finance. The coverage is targeted to expand to Beijing, Jiangxi, Ningxie and Qingdao, in…
- Categories Fixed Income
- Other Tags