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

Find Out More Information

Access the most comprehensive database of companies and officers in the Middle East and North Africa, covering all major sectors and industries, from Refinitiv.


Company information provided by Refinitiv

Refinitiv research team update company information from primary sources (company annual reports, press releases, company websites, corporate briefings, official statements/interviews) and reliable secondary sources (stock markets, reliable third party publications).

Find Companies