China Development Bank

Last updated on: 03 January 2020

Chinese local govt-backed bonds in favour even as virus hits their coffers

By Samuel Shen and Noah SinSHANGHAI/HONG KONG, March 3 (Reuters) - Yield-hungry Chinese investors are rushing into once-shunned local government financing bonds, betting that Beijing won&apost allow such state companies to fail when they&aposre needed to help shore up the virus-hit economy.So-called local government financial vehicles (LGFVs) flourished following the 2008 global financial crisis a

Reuters News - 03-Mar-2020

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