Guizhou has not released the debt of its local government financing vehicle (LGFV), the go-to platforms for local governments for off-balance borrowing, since 2018. Photo: Xinhua
Guizhou has not released the debt of its local government financing vehicle (LGFV), the go-to platforms for local governments for off-balance borrowing, since 2018. Photo: Xinhua

China debt: Beijing offers support to indebted Guizhou to ensure cash flow, boost investor confidence

  • Guizhou in southwest China has struggled to raise funds in recent years in capital markets as a result of its deteriorating credit profile
  • Guizhou is reported to have defaulted on at least 68 debt products since 2018, which is the most of all of China’s 31 provinces

Guizhou has not released the debt of its local government financing vehicle (LGFV), the go-to platforms for local governments for off-balance borrowing, since 2018. Photo: Xinhua
Guizhou has not released the debt of its local government financing vehicle (LGFV), the go-to platforms for local governments for off-balance borrowing, since 2018. Photo: Xinhua
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