SHANGHAI ISSUES LOCAL GOV'T 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...