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Pekin konsoliduje małe banki, aby restrukturyzować długi

Pekin konsoliduje teraz małe lokalne instytucje finansowe nie tylko, aby je wzmocnić i dokapitalizować, ale przede wszystkim, aby uniezależnić je od lokalnych władz.

https://wp.me/p3fv0T-hQC #Chiny #ChRL #gospodarka #zadłużenie #LGFV #banki #konsolidacja #restrukturyzacja #dług #POLECANE

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Norobiik @[email protected]Jan 8, 2024

#SHANGHAI (Reuters) - Chinese regulators have told heavily indebted local government financing vehicles (#LGFVs) to stop issuing offshore bonds with a 364-day duration, closing a regulatory loophole that had allowed them to increase borrowing further last year, four sources familiar with the matter told Reuters. #LGFV

Exclusive-#China tells LGFVs to stop issuing offshore 364-day bonds -sources
https://www.msn.com/en-us/money/news/exclusive-china-tells-lgfvs-to-stop-issuing-offshore-364-day-bonds-sources/ar-AA1mCn68?ocid=emmx-mmx-feeds&PC=EMMX01

Back toot: https://noc.social/@Norobiik/111701322053797427

MSN

Norobiik @[email protected]Jan 5, 2024

The redemptions have jumped since October, when Beijing allowed local governments to issue special refinancing bonds, estimated to be worth over 1 trillion yuan ($139.85 billion), which could replace their higher-yielding #LGFV debt.

However, investors are opposing the redemptions for fear of losing out on their gains from the higher-yielding #LGFVBonds.

Analysts said the investors who did approve these redemptions were primarily state-owned banks or entities. #China

https://www.msn.com/en-us/money/markets/rpt-china-s-local-governments-face-opposition-to-early-debt-redemptions/ar-AA1mtLVP?ocid=mmx&pc=EMMX01&cvid=7bf3c00f80034532b2dfe2176fcb3e7b&ei=7