Researches & Commentaries
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The Management of Local Government Bond is Becoming More Normalized,Local Government Finance Vehicle May Face a Further Tightened Financing Environment
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The Net Financing of Urban Investment Bonds is Still under Pressure, and the Credit Differentiation May Further Intensify
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Asset Allocations Shifts from Commodities to Stocks and Bonds amid Uneven Economic Recovery
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Supply of Special Bonds May Reach Peak After Delay, and Particular Attention to Potential Risks Is Required amid Market Expansion
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10-year Government Bond Yields Might Fluctuate at Around 3.0%
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Expected Intensified Transformation and Integration in LGFV Sector as China Tightens Regulation on LGBs
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Difficulties in Economic Entities and Partial Financial Risks Draw Particular Attention when Macro Data Indicates a High Growth Rate
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Structural Divergence in Urban Construction Investment Expected to Intensify, and Belief in Urban Construction Investment to Shatter amid Growth Control and Dissolution of Implicit Debts
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Nearly RMB5 Trillion Special Bonds to be Issued, Government Should Forestall Risks in Future Expansion of Special Bonds after the Pandemic