Minister of Finance Lan Foan: Speed up the progress of bond issuance and support local governments to do a good job in issuing bonds

On November 8th, Minister of Finance Lan Foan made a statement on the proposal to increase the local government debt limit to replace the stock of hidden debt. The Ministry of Finance will work with relevant departments to resolutely implement the decision-making and deployment of the Party Central Committee, and effectively resolve the local government's stock of hidden debt. Speed up the progress of bond issuance. Support local governments to do a good job in issuance, speed up the replacement progress according to local conditions and priorities, reduce the debt burden, and give full play to capital efficiency as soon as possible.