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China MOF issues guideline to accelerate local government bond offering

BEIJING
2015-04-28 10:30

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China's Ministry of Finance issued a guideline on accelerating local governments' bond offerings on Tuesday.

According to the ministry, the funds raised will be first used for affordable housing, transport infrastructure and underground pipe network construction. Besides, the MOF required local governments to better use their outstanding fiscal funds and explore new method for fiscal fund management.

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