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MEDIA-China to frontload 2020 local bond quotas to support investment projects - 21st Century Herald

projects - 21st Century Herald@

Sept 3 (Reuters) - -- Source link: https://m.21jingji.com/article/20190903/herald/f94b55e9d33de4fc98a05e50250f217e. h t m l

China will frontload 2020 local government bond quotas to support investment of key projects, Chinese newspaper 21st Century Herald reported on Tuesday, citing a document that has been approved by the National People's Congress's Standing Committee.

Regulators have ordered provinces to report to the central government their demand of special purpose bonds for such projects. -- Note: Reuters has not verified this story and does not vouch for its accuracy (Editing by Kim Coghill)