Financials Jun 28, 2021 02:13 AM (GMT+8) · EqualOcean
At present, the pace of new local bond issuance is less than expected. According to Dongfang fortune choice data, as of June 27 this year, the issuance scale of local bonds was 3296.49 billion yuan, including 1437.75 billion yuan of new local bonds, with the issuance progress of 32.2%. The refinancing bonds amounted to 1858.74 billion yuan. Zhang Yiqun, vice chairman of the Special Committee on performance management of the Chinese society of finance, said, "the progress of new local bond issuance this year has slowed down compared with the same period last year, which shows that China's local bond management is more calm, stable and mature than before, the issuance scale is closer to the actual investment demand, and the debt risk management and control ability has been further improved If the short-term effect changes to the long-term benefit, the supporting effect of local debt on the economy will be more obvious. "

This text is a result of machine translation.

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