China’s Sovereign Debt Funds May Go to Banks

Caixin Global | Apr 7, 2020 at 7:43 PM
  • At a March 27 Politburo meeting, China’s leaders decided to ramp up monetary and fiscal responses to the Covid-19 pandemic, including issuing special sovereign debt, authorizing a higher fiscal deficit and allowing local governments to sell more bonds.
  • Over the past 20 years, China has issued special sovereign bonds several times.