Changchun Urban Development is one of thousands of local-government-backed financing vehicles – state-owned entities that raise funds for local governments to finance costly infrastructure and public facility works. Photo: Reuters

Chinese state-owned finance firm goes global to raise funds amid national slowdown

Jilin finance company will be the northeast’s first government-backed entity to raise funds abroad

Topic |   State-owned enterprises

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Changchun Urban Development is one of thousands of local-government-backed financing vehicles – state-owned entities that raise funds for local governments to finance costly infrastructure and public facility works. Photo: Reuters
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