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  • July 29, 2014
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Results 1 - 10 of 216952 for local government debts

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  1. News - China - ECONOMY

    Local government debt show signs of improving

    Posted Jun 24th 2014, 07:48pm by Keith Zhai

    ... Keith Zhai keith.zhai@scmp.com But extravagance and corruption persist at some departments and state firms, audit chief says Local government debt show signs of improving China's growth in local government debt has been slowing since the middle of last year, the National Audit Office said, but cautioned that some provinces were deferring the problem by repaying old debts ...

  2. Business - Banking & Finance - ECONOMY

    Local government financing needs revamp to avoid risk of excessive debt, analysts say

    Posted Jan 24th 2014, 10:21am by Victoria Ruan

    ... on infrastructure Debt issue spurs need for fiscal reform The fast growth in the mainland's local government debt has highlighted the urgency of a revamp of the country's seriously imbalanced ... if economic conditions weaken sharply," Standard & Poor's credit analyst Tan Kim Eng said. Local government debt on the mainland reached 17.9 trillion yuan (HK$22.7 trillion) at the end ...

  3. Business - China Business

    China taps private capital to curb debt build-up at local governments

    Posted Apr 29th 2014, 01:15am by BLOOM

    ... a blowout in regional debt, supporting a rally in local-government financing vehicle bonds. The mainland would open up bidding for 80 projects in industries now dominated by the state, a government ... to lower local governments' borrowing costs and slow the build-up of debt." Regional governments have established more than 10,000 local financing units to fund construction projects ...

  4. Business - Economy - CHINA

    Beijing urged to act as rising local government debts threaten reform

    Posted Mar 26th 2014, 05:29am by Ray Chan, Jeanny Yu

    ... debts Top mainland economists have urged the authorities to take more decisive action to rein in the country's mounting local government debt, saying the debt level is the biggest threat ... embracing a market-oriented economy, as a more open system hurts vested interest groups and bureaucrats. "Concerns over China's property market, local government debt, bank asset quality ...

  5. Business - Banking & Finance - BONDS

    Chinese banks rely on local branches for offshore debt

    Posted Jul 14th 2014, 03:09am by Jasper Moiseiwitsch

    ... benefits Lenders act locally for offshore debt When it comes to their offshore debt programmes, mainland banks embrace the mantra of thinking globally and acting locally. Looking at all offshore debt issued by the five biggest mainland banks since 2007, almost all (92 per cent) was raised at the local level, through offshore branches, subsidiaries and special purpose vehicles. ...

  6. Business - Economy

    China's local governments boost investment spending

    Posted Jul 16th 2014, 01:15am by BLOOM

    ... the investment risks exacerbating financial dangers from local government debt that swelled to about US$3 trillion in June last year. While Premier Li Keqiang is trying to expedite spending from existing ... Bloomberg in Beijing Local governments increase investment spending to meet growth targets as central authorities limit financing for economy Mainland regions boost stimulus Regional ...

  7. News - China - BANKING AND FINANCE

    Qilu Bank's lawsuit against government finance body exposes rift in China's debt market

    Posted Jul 02nd 2014, 12:58pm by Reuters

    ... in the coastal province of Shandong, announced in its last year annual report, published online in Chinese and English, that it was suing a local government financing vehicle (LGFV) over unpaid debt ... Reuters in Shanghai Case is odd also because the government lending vehicle is a stakeholder in the bank, according to observers A Chinese bank is suing a local government financing ...

  8. Comment - Insight & Opinion

    Local government debt shows needs to reform financial and tax system

    Posted Jan 07th 2014, 03:03am by SCMP Editorial

    ... ordered by the State Council, the National Audit Office says local government debt, including contingent liabilities and guarantees, had risen by nearly 70 per cent to 17.9 trillion yuan ... the figure into perspective, the debt of the central government, which takes the lion's share of public revenue, stood at 12.4 trillion yuan. Starved of revenue, local government has accumulated ...

  9. Business - Economy - LENDING

    Local government debt signals rising risks in Chinese financial system

    Posted Dec 30th 2013, 09:06pm by Jane Cai in Beijing

    ... Jane Cai in Beijing xuejun.cai@scmp.com Local governments owe HK$23 trillion, underscoring dangers to the economy, but experts say country not on brink of debt crisis Increased debts signal risks in financial system Mainland local government debt had swollen to 17.9 trillion yuan (HK$22.7 trillion) by the middle of this year, according to the National Audit Office (NAO). ...

  10. News - China Insider - Morning Clicks

    China news round-up: Local government debt rises, artist Ai Weiwei protests with flowers

    Posted Dec 31st 2013, 08:09am by Patrick Boehler

    ... molestation Tokyo's Comic Market event draws tens of thousands of visitors Politics New York Times The National Audit Office found that local governments had accumulated 17.89 trillion yuan worth ... down on online media in 2013. Wall Street Journal- China Real Time Report A new breed of shadow bankers has stepped in to lend to debt-hungry businesses and households as the Chinese government ...




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