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BIZCHINA> Top Biz News
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Municipal bonds issuance possible: central banker
By Bi Xiaoning and Zheng Lifei (chinadaily.com.cn)
Updated: 2009-07-04 11:41
"Relevant rules are in discussion and debate about the issue is very heated," Zhou Xiaochuan, governor of the People's Bank of China, said at a conference in Beijing. "Personally, I prefer to give it [municipal bonds issuance] the green light," Zhou said. The issuance of municipal bonds, he added, will help address two pressing problems at present: one is that the new local administration will sometimes turn a blind eye to the debt left over by its predecessors; the other is the lack of rating service on local government bonds. (For more biz stories, please visit Industries)
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