Researches & Commentaries

As the LGFV Bonds to Be Issued in 2021 May Reach RMB 4.3-4.6 Trillion, Particular Attention Needs to be Paid to the Structural Risks Possibly Arising from the Peak Maturity

Hong Kong, 25 January 2021 -- China Chengxin International Credit Rating Co., Ltd. (“CCXI”) issued a report entitled As Financing Supply May Be Tightened due to the Return of Policies to A Normal State, Particular Attention Needs to Be Paid to the Structural Risks Arising from LGFV Bonds at the Upcoming Maturity Peak”, presenting a systematic analysis of Local Government Financing Vehicle (“LGFV”) bonds in the primary and second markets, credit status of LGFV enterprises of 2020, and reminding investors to pay attention to the structural risks of the maturity peak.


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