Guizhou SOE sells bonds to help fund LGFV

A state-owned firm in China’s Guizhou province is selling bonds to help repay debt issued by a local government financing vehicle (LGFV), a rare move that highlights the region’s liquidity strains, reports Caixin. Guizhou Hongyingda Construction Project Management Co., a wholly owned subsidiary of the finance bureau of Xixiu district in Anshun city, issued a…

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