State Council: RMB1 trillion of new local government special bond quotas to be allocated ahead of schedule
2020-05-07 16:23:18 [Print]
Li Keqiang, the Premier of China's State Council, chaired an executive meeting on May 6th and listened to the report on the implementation of policies and measures on supporting the resumption of production and alleviating the difficulties suffered by enterprises during the meeting
The meeting noted that RMB1 trillion (USD141 billion) of new local government special bond quotas will be issued ahead of schedule in accordance with the procedure, on the basis of RMB1.29 trillion (USD181 billion) allocated early this year, adding that the issuance will be strived to be completed by the end of May.
. The meeting decided to launch and further improve relevant policies to strengthen the stability of enterprises to secure employment.The meeting noted that RMB1 trillion (USD141 billion) of new local government special bond quotas will be issued ahead of schedule in accordance with the procedure, on the basis of RMB1.29 trillion (USD181 billion) allocated early this year, adding that the issuance will be strived to be completed by the end of May.