SHANGHAI ISSUES LOCAL GOVT BONDS Video
(1109 CR M14)SHANGHAI ISSUES LOCAL GOV'T BONDSDATELINE: Nov. 9, 2011LENGTH: 00:00:35VOShanghai will issue China's first ever local government bonds on next Tuesday in a pilot program designated to help cash-strapped local governments to curb fast-spreading debt risks.The government will sell three-year fixed-rate bonds worth 567 million U.S. dollars and five-year fixed-rate bonds worth 552 million dollars.The Ministry of Finance announced in late October that the central government had allowed the cities of Shanghai and Shenzhen and the provinces of Zhejiang and Guangdong to issue bonds on a trial basis this year. Powered by www.newslook.com Producer : Xinhua News Agency
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