Analysts react to China raising local government debt ceilings

Nov 8, 2024 · China top legislative body approved a bill on Friday to allow local governments to issue 6 trillion yuan ($838.8 billion) in bonds to swap for off-balance sheet or "hidden" debt …

CouponFollow Extension

$838
OFF

Analysts React To China Raising Local Government Debt Ceilings

1 week from now

Nov 8, 2024 · China top legislative body approved a bill on Friday to allow local governments to issue 6 trillion yuan ($838.8 billion) in bonds to swap for off-balance sheet or "hidden" debt …

reuters.com

$1
OFF

Increased Local Gov't Debt Quota Approved - Ecns.cn

1 week from now

Nov 9, 2024 · China allocated 10 trillion yuan ($1.4 trillion) in new fiscal funding to replace local government hidden debt on Friday, the biggest move of its kind in recent years that analysts …

ecns.cn

$1
OFF

China's Lawmakers Review Bill To Raise Local Government Debt Ceilings

1 week from now

Nov 4, 2024 · Reuters reported last week that China is considering approving new debt issuance of more than 10 trillion yuan ($1.4 trillion) to tackle hidden local government debt and fund …

marketscreener.com

$840
OFF

China's Top Legislature Approves Bill To Raise Local Govt Debt Ceiling ...

1 week from now

Nov 8, 2024 · BEIJING -- Chinese lawmakers have approved a State Council bill on raising the ceiling on local government debt by 6 trillion yuan (about $840 billion) to replace existing …

chinadaily.com.cn

$840
OFF

China Unveils Sweeping Local Govt Debt Swap To Lift Ailing Economy

1 week from now

Nov 8, 2024 · The local government debt limit will be raised by six trillion yuan (US$840 billion) which will be used to replace existing hidden debts, freeing up space for local governments to …

channelnewsasia.com

$558
OFF

How China Plans To Cut Hidden Debt In Massive Shakeup

1 week from now

Nov 9, 2024 · The debt swap plan announced Friday will raise the local government debt ceiling every year from 2024 to 2026, with a total of $558 billion of hidden debt that can be replaced.

barrons.com

$840
OFF

China To Raise Local Government Debt Ceiling To Boost Struggling ...

1 week from now

Nov 8, 2024 · BEIJING: China said on Friday (Nov 8) lawmakers had agreed to raise the local government debt ceiling by US$840 billion, opening up new funds for its ailing economy as …

channelnewsasia.com

$840
OFF

China Unveils Sweeping Local Govt Debt Swap To Lift Ailing Economy …

1 week from now

The local government debt limit will be raised by six trillion yuan ($840 billion) which will be used to replace existing hidden debts, freeing up space for local governments to better develop the ...

msn.com

$1
OFF

China Unveils $1.4T Stimulus Package To Ease Massive Local …

1 week from now

Nov 8, 2024 · Beijing approved raising the ceiling on local government debt, allowing them to issue 6T yuan (~$838.4B) in additional special bonds over three years to replace existing …

seekingalpha.com

FAQs about Analysts react to China raising local government debt ceilings Coupon?

Will China raise ceilings on local government debt to replace hidden debt?

BEIJING, Nov 4 (Reuters) - Chinese lawmakers reviewed a cabinet bill that would raise ceilings on local government debt to replace existing hidden debt as the standing committee of China's top legislature started their meeting on Monday, state media Xinhua reported. ...

How will China's 6 trillion yuan debt ceiling be arranged?

"This six trillion yuan debt ceiling will be arranged over three years," finance minister Lan Fo'an told a press conference in Beijing. It will be raised from 2024 to 2026 "to support local governments in replacing all kinds of hidden debt". ...

Will China raise the local government debt limit by 6 trillion yuan?

The move would raise "the local government debt limit by six trillion yuan, which will be used to replace existing hidden debts, freeing up space for local governments to better develop the economy and protect people's livelihood," state broadcaster CCTV said. ...

Why is China approving 10 trillion yuan debt issuance?

Reuters reported last week that China is considering approving new debt issuance of more than 10 trillion yuan ($1.4 trillion) to tackle hidden local government debt and fund buybacks of idle land and reduce a giant inventory of unsold flats, citing sources with knowledge of the matter. ...

Why did the US raise the local government debt ceiling?

C hina said on Friday lawmakers had agreed to raise the local government debt ceiling by $840 billion, opening up new funds for its ailing economy as they eye the possibility of intensified trade tensions with US president-elect Donald Trump. ...

What's behind China's massive debt shakeup?

Here are some of the key points behind China's massive debt shakeup: Much of local governments' hidden debt in the past two decades was accumulated through state-owned companies known as local government financing vehicles (LGFVs). ...