Chinese local govt-backed bonds in favour even as virus hits their coffers
Yield-hungry Chinese
investors are rushing into once-shunned local government
financing bonds, betting that Beijing won’t allow such state
companies to fail when they’re needed to help shore up the
virus-hit economy.
investors are rushing into once-shunned local government
financing bonds, betting that Beijing won’t allow such state
companies to fail when they’re needed to help shore up the
virus-hit economy.
Posted by Reuters
