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.
Resolving LGFVs’ sprawling operational debts is running into complications, partly in the form of a tangle of high-interest,…
Resolving LGFVs’ liabilities is running into complications, with high-interest, noncompliant debt banks are reluctant to touch
The finance ministry is elevating its oversight of government debt as it works toward a 2027 deadline to eliminate hidden…
Some regions artificially reduced balances by simply deleting records from the debt management system, the country’s top auditor…
Ultra-long bonds, tax changes and tighter debt oversight anchor fiscal strategy as growth remains uneven
Average leverage ratios for both district-level and municipal financing platforms ticked up slightly in 2025, but smaller…
