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Guangdong given RMB13 bln quota for issuing more local govt bonds

BEIJING
2015-09-24 15:55

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Chinese cabinet, the State Council, had granted an additional bond issuance quota of 13 billion yuan to Guangdong province, Guangdong Provincial Department of Finance announced on Wednesday. According to the announcement, the money raised will be mainly used to support construction of key projects and offer loans to cities and counties in the province.

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