Tianjin Eco-City fails to reach 350K population target by a large margin after 14 years of development theonlinecitizen.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theonlinecitizen.com Daily Mail and Mail on Sunday newspapers.
China's promise of a "comprehensive" package to address local debt issues has triggered a rush into bonds issued by local government financing vehicles (LGFV) as investors sense an implicit state guarantee for these provincial firms. Yields on LGFV bonds, which account for half of China's corporate bond market, have dropped to their lowest levels this year, even as a debt crisis in the property sector that most of them are exposed to deepens. Data from Chinabond, a platform that's part of the China Central Depository and Clearing, shows spreads on one-year AA- rated bonds over comparable government bonds, have dropped from 353 basis points (bps) at the start of the year to around 173 bps, the smallest gap since late 2020.
China s promise
of a comprehensive package to address local debt issues has
triggered a rush into bonds issued by local government financing
vehicles as investors sense an implicit state.
MDJM Signs Contract for a Sales Agency Service Project
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TIANJIN, China, April 26, 2021 /PRNewswire/ MDJM LTD (Nasdaq: MDJH) (the Company or MDJH ), an integrated real estate services company in China, announced today that it signed a marketing planning and sales agency agreement (the Agreement ) with Tianjin Infrastructure Investment Group ( Tianjin Infrastructure ), a state-owned enterprise specializing in financing, investment, construction and operation of major urban infrastructure. Pursuant to the Agreement, the Company will provide nationwide marketing and sales services to Tianjin Infrastructure s Zhangguizhuang residential construction program in Dongli District, Tianjin (the Program ).
MDJM Received the Shortlisted Notice of a Sales Agency Service Project Bidding
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TIANJIN, China, April 7, 2021 /PRNewswire/ MDJM LTD (Nasdaq: MDJH) (the Company or MDJH ), an integrated real estate services company in China, announced today that it received a shortlisted notice from Tianjin Infrastructure Investment Group, for a sales agency services project for the construction program located in Zhangguizhuang District, Tianjin, China. Only two out of six companies that participated in the bidding were shortlisted and the Company is currently in the process of signing the sales agency agreement with Tianjin Infrastructure Investment Group. Tianjin Infrastructure Investment Group, a state-owned enterprise specializing in financing, investment, construction and operation of major urban infrastructure, has a wide range of land parcels in the urban area, ring and outer suburbs of Tianjin with a total of 17 projects covering