Researches & Commentaries
2021.1.8
The Quota of New Special Bonds Shouldn’t be Cut Significantly and Attention Should be Paid to Risk Prevention If More Special Bonds Are Issued
Hong Kong, 8 January 2021 -- The Research Institute of China Chengxin International Credit Rating Co., Ltd. released a report titled “Special Bonds Greatly Expanded to Assist Infrastructure Construction, and Risk Prevention should be Taken into Consideration when Special Bonds Continue to Make Efforts: Review of Local Government Special Bonds in 2020 and Outlook for 2021”. According to the report, as an important source of funds for infrastructure construction, special bonds played an important role in fighting the pandemic and maintaining stable growth in the special period of 2020.