Logo 17 Aug 2022

More SPBs on the way

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It's official: More infrastructure stimulus is in the pipeline.
On Tuesday, the macro planner (NDRC) announced it's readied a third batch of projects for local government special-purpose bond (SPB) financing.
ICYDK: By end-July, localities had issued RMB 3.45 trillion in SPBs – almost all their annu...