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China Greenlights Use of Local Government Bonds to Recapitalize Small Banks

2020年07月02日 20:49 来源于 财新网
China Greenlights Use of Local Government Bonds to Recapitalize Small Banks
Local governments will be allowed to use part of this year’s quota of 3.75 trillion yuan of special-purpose bonds to replenish the capital of certain banks.

China’s local governments have been given the go-ahead to recapitalize some small and midsize banks by using the money raised from the sale of special-purpose bonds (SPBs), underscoring policymakers’ concern about the financial health of dozens of lenders and the need to boost credit to businesses amid the economic slowdown.

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