Experts: The scale of the new round of debt replacement may reach 6 trillion to 10 trillion yuan

On October 29th, the article said that in order to ease the pressure of local governments' debt, the Ministry of Finance plans to "increase the large-scale debt limit at one time to replace the local government's stock of hidden debt", which will be the largest localized debt measure in recent years. Minister of Finance Lan Foan called it a policy "timely rain". According to the interviewed experts, the scale of the new round of debt replacement may reach 6 trillion to 10 trillion yuan. Local governments can restart the issuance of "replacement bonds", or continue to issue "special refinancing bonds" and "special new special project bonds" to ease the risk of local debt default and help local governments invest more energy and resources in economic development and people's livelihood protection. Wang Qing, chief macro analyst of Dongfang Jincheng, analyzed that the scale of the one-time increase in local government debt limit may be around 10 trillion yuan, < b > to achieve all existing hidden debts "from hidden to obvious" .