China Moves to Curb New Bond Sales by LGFVs With Rising Debt
2026-07-16 03:48:34
China’s bond regulator is taking fresh steps to curb debt sales by local government financing vehicles (LGFVs), according to people familiar with the matter, adding pressure on weaker issuers seeking to refinance notes. The move targets municipal borrowers with increased debt levels, according to Bloomberg.
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