News list for " local government"
On November 8th, Minister of Finance Lan Foan introduced at the press conference of the 12th meeting of the Standing Committee of the 14th National People's Congress held on November 8th that starting from 2024, our country will arrange 800 billion yuan from the new local government special project bonds every year for five consecutive years, which is specially used for chemical bonds, and the accumulated replaceable hidden debt is 4 trillion yuan. Coupled with the 6 trillion yuan debt limit app...
1. The Standing Committee of the National People's Congress deliberates on the proposal to increase the local government debt limit to replace the stock of implicit debt. 2. Middle finger court: In October, the total amount of bond financing of real estate enterprises reached 28.97 billion yuan, an increase of 3.2% year-on-year, and the financing interest rate fell to 2.98%. 3. China Securities Association: The over-the-counter bond investment repurchase transaction deviates from the comparison ...
On October 15th, on the afternoon of October 15th, the State Administration of Financial Supervision and the National Development and Reform Commission held a video conference to deploy local governments to establish a working mechanism to support the financing coordination of small and micro enterprises, and carry out "thousands of enterprises and thousands of households visit" activities. The Chongqing Financial Supervision Bureau disclosed that in accordance with the spirit of the meeting, th...
On October 12, Minister of Finance Lan Foan said at a press conference of the State Information Office on October 12 that he plans to increase the debt limit on a large scale at one time, replace the local government's stock of hidden debts, and increase efforts to support local governments to resolve debt risks. The relevant policies will be explained in detail to the society after the relevant legal procedures are performed. This policy is the largest measure to support debt in recent years. T...
On October 11, Zheng Zhajie, director of the National Development and Reform Commission, wrote in the People's Daily that we should do a good job in investment management and project construction. Firmly implement the strategy of expanding domestic demand, and accelerate the "two-fold" construction and "two-new" work. Give full play to the key role of investment, make good use of policy tools such as investment within the central budget, super-long-term special government bonds, and local govern...
He Lifeng: Coordinate and do a good job in the prevention and control of intertwined risks such as real estate risks, local government debt risks, and local small and medium-sized Financial Institution Group risks.
On May 21, Li Chao, deputy director of the Policy Research Office of the National Development and Reform Commission and spokesperson of the National Development and Reform Commission, said that in the next step, in terms of expanding effective investment, the implementation of super-long-term special government bonds supports the implementation of major national strategies and the construction of security capabilities in key areas, and accelerates the issuance of investment within the central bu...
On May 17, Tao Ling, deputy governor of the People's Bank of China, talked about the refinancing of affordable housing, saying that the acquisition subject is selected by the city government, and the selected local state-owned enterprises and their affiliated groups shall not involve the hidden debt of the local government and shall not be a government financing platform. At the same time, it should have the credit requirements and credit space of the bank. Purchase purposes and purchased commer...
Liu Guohong, Vice Minister of Natural Resources: The Ministry of Natural Resources is preparing to introduce policies to explicitly support local governments to recover idle land that enterprises cannot continue to develop at reasonable prices, or to acquire land that has failed to be auctioned in judicial and bankruptcy auctions.
1. The Political Bureau of the CPC Central Committee held a meeting: in-depth implementation of the local government debt risk mitigation plan. 2. The Political Bureau of the CPC Central Committee held a meeting: to issue and make good use of ultra-long-term special government bonds as soon as possible, and to use policy tools such as interest rates and deposit reserve ratios flexibly. 3. The Bank of Japan kept the scale and frequency of bond purchases unchanged in the updated Q2 plan. 4. CIBC: ...
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