Local government financial vehicles are being viewed as a safe-haven asset after China’s bond defaults rose last year by 19.1 per cent to 144.1 billion yuan from a year earlier. Photo: BloombergLocal government financial vehicles are being viewed as a safe-haven asset after China’s bond defaults rose last year by 19.1 per cent to 144.1 billion yuan from a year earlier. Photo: Bloomberg
Local government financial vehicles are being viewed as a safe-haven asset after China’s bond defaults rose last year by 19.1 per cent to 144.1 billion yuan from a year earlier. Photo: Bloomberg

Investors scramble for Chinese infrastructure, developer bonds as Beijing steps in to boost coronavirus-hit economy

  • Investors have increased their offshore investment into local government financing vehicles by 60 per cent in the first two months of 2020
  • LGFVs are expected to receive more policy support, Moody’s Investors Service says
Topic |   Bonds
Local government financial vehicles are being viewed as a safe-haven asset after China’s bond defaults rose last year by 19.1 per cent to 144.1 billion yuan from a year earlier. Photo: BloombergLocal government financial vehicles are being viewed as a safe-haven asset after China’s bond defaults rose last year by 19.1 per cent to 144.1 billion yuan from a year earlier. Photo: Bloomberg
Local government financial vehicles are being viewed as a safe-haven asset after China’s bond defaults rose last year by 19.1 per cent to 144.1 billion yuan from a year earlier. Photo: Bloomberg
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