Researches & Commentaries
2020.10.23
Issuance of Next Year’s New Special Bonds May Fall Back, and Risks of Special Bonds Need to Be Forestalled in Promoting Economic Circulation
Hong Kong, 23 October 2020 -- China Chengxin International Credit Rating Co., Ltd. Research Institute (“CCXI Research Institute”) has recently released the report, Proportion of "Two New & One Major" has been Improved to Shore up for Weak Spots, and Risk Prevention of Special Bonds still Needed to Promote Circulation — Review and Outlook on Local Government Special Bonds in First Three Quarters of 2020. This report holds that as an important source of funds for infrastructure construction, special bond is a major tool to stabilize economic growth and shore up weak spots in “domestic economic circulation”.