Market attention shifts to harder-to-resolve LGFV debt ahead of 2027 deadline
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China’s cabinet called for stronger policy support to help local governments complete off-balance-sheet debt cleanup before a mid-2027 deadline, as Beijing seeks to contain local debt risks.
Local authorities turned to heavy borrowing after the 2008 financial crisis, forcing Beijing to take action.
Beijing will also boost stimulus to support families and further back emerging industries, finance minister says.
China’s central bank has set up a new ‘financial stability committee’ and pledged to defuse risks in key regions and institutions.
Move could help clear economic bottlenecks and eliminate ‘zombie enterprises’, while better protecting the rights of…
Premier Li Qiang’s recent remarks on shoring up real estate sector suggest what some analysts say is a rising wariness to address…
Special sovereign bonds could be used for the first time to bolster insurers’ capital as solvency pressure builds
