久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

US EUROPE AFRICA ASIA 中文
Business / Markets

Shandong moves to curb LGFV debt

By Bloomberg (China Daily) Updated: 2014-12-20 08:10

Authorities in Shandong province said they would not bail out the borrowings of cities or counties in the province, becoming the first region in China to follow the central government's campaign to curb regional debt.

Shandong has banned all new debt by local government financing vehicles, according to a statement dated Dec 10 and posted on its website on Thursday. Local governments should reasonably control financing demand for projects under construction, it said.

Questions about the future of LGFVs began in October when Premier Li Keqiang started to pare implicit guarantees for these bodies.

The State Council said on Oct 2 that LGFVs may no longer raise funds for local authorities and that governments have no obligation to repay debt that was not raised to fund public projects.

Shandong is the first province to issue corresponding rules, Li Ning, a bond analyst at Haitong Securities Co, said on Friday.

"More provincial governments will issue similar regulations", said Yang Xiaolei, a bond analyst at China Securities Co. "In the near term, the rules will probably increase uncertainty in the LGFV bond market. LGFV bond yields may continue to rise."

Earlier this month, two local governments pulled support for their financing vehicles' planned debt sales. Changzhou Tianning Construction Development Co, based in Jiangsu province, announced on Dec 12 that it would not go ahead with a 1.2 billion yuan ($192 million) sale just one day after authorities said they would not support its debt. Less than a week later, officials withdrew backing for another planned LGFV issue in the Xinjiang Uygur autonomous region.

Shandong is one of the wealthiest provinces and its GDP is the third-biggest in the nation. It is also no stranger to default controversy. CHTC Helon Co, a fiber maker formerly called Shandong Helon Co, repaid 400 million yuan of notes in April 2012 even as it failed to make loan repayments.

The extra yield that investors demand to own one-year yuan-denominated corporate notes rated AA - the most common score for LGFVs - instead of Chinese sovereign debt has risen 94 basis points this month, the most since ChinaBond began compiling the data in 2008.

While a national audit showed regional liabilities stood at 17.9 trillion yuan as of June 2013, the actual amount may be larger, according to media report.

Hot Topics

Editor's Picks
...
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    eeuss中文| 人妻无码久久一区二区三区免费| 路边理发店露脸熟妇泻火| 日韩小视频网站| 五月天av在线播放| 国产成人无码精品久久久性色| 做a视频在线观看| 黄在线观看网站| 国产在线无码精品| 日韩大片一区二区| 国产原创popny丨九色| 中文字幕第22页| 老司机午夜av| 毛片在线播放视频| 免费看啪啪网站| 妞干网在线免费视频| 日韩精品免费一区| 五月六月丁香婷婷| 99视频精品免费| 国产69精品久久久久久久| 日本高清免费在线视频| 日本888xxxx| 亚欧无线一线二线三线区别| avove在线观看| 玖玖爱视频在线| www.国产区| 久久久久久久久久网| 搡的我好爽在线观看免费视频| 手机看片福利日韩| 国产成人a亚洲精v品无码| 国产精品999视频| 久久亚洲国产成人精品无码区| 国产精品h视频| 两性午夜免费视频| aaa一级黄色片| 奇米视频888| 亚洲免费成人在线视频| 成人综合久久网| 天美星空大象mv在线观看视频| 97av视频在线观看| 国产在线青青草| 日本国产在线播放| 免费看黄在线看| 久艹在线免费观看| 91精品国产91久久久久麻豆 主演| 色哺乳xxxxhd奶水米仓惠香| √天堂资源在线| 色婷婷一区二区三区在线观看| 五月天婷婷影视| 国产精品久久久久久久99| 色婷婷激情视频| 一级全黄肉体裸体全过程| 国产精品夜夜夜爽张柏芝| 青娱乐精品在线| 91麻豆天美传媒在线| 日韩一级特黄毛片| a天堂资源在线观看| 奇米精品一区二区三区| 337p粉嫩大胆噜噜噜鲁| 欧美aⅴ在线观看| 九热视频在线观看| 天天久久综合网| 97av中文字幕| 亚洲中文字幕无码专区| 激情内射人妻1区2区3区| 手机看片一级片| 国产av不卡一区二区| 日本香蕉视频在线观看| 亚洲熟妇av一区二区三区漫画| 北条麻妃视频在线| 污色网站在线观看| 精品一区二区成人免费视频| 黄色片免费在线观看视频| 久久久一本二本三本| 天天碰免费视频| 色中文字幕在线观看| 人人妻人人做人人爽| 日韩欧美xxxx| 超碰91在线播放| 日本久久久网站| 成人在线观看a| 91热视频在线观看| 黄页免费在线观看视频| 日本久久精品一区二区| 97超碰人人看| 看av免费毛片手机播放| 国产传媒免费观看| 欧美亚洲色图视频| 天美星空大象mv在线观看视频| 做爰高潮hd色即是空| 91视频最新入口| 99精品视频国产| 成人综合视频在线| 青青草原国产免费| 日本久久久精品视频| www.成人黄色| 波多野结衣家庭教师视频| 日本免费在线视频观看| 凹凸国产熟女精品视频| 国产在线视频三区| 黄色国产精品视频| 久久久久久av无码免费网站下载| 日韩精品一区二区三区不卡| 男人天堂成人网| 九九热免费精品视频| 2018中文字幕第一页| 182午夜在线观看| 免费在线观看亚洲视频| 国产av不卡一区二区| 国产精品免费成人| 99久久免费观看| 亚洲天堂av一区二区| 亚洲欧洲日产国码无码久久99| 超碰免费在线公开| 中国黄色片免费看| 中文字幕无码精品亚洲35| 在线观看成人免费| 九九热精品在线播放| 人妻精品无码一区二区三区| 伊人再见免费在线观看高清版 | 国产成人强伦免费视频网站| 国产97在线 | 亚洲| 日本高清xxxx| 超碰人人草人人| 成年人小视频网站| 9久久9毛片又大又硬又粗| 久久99国产精品一区| 亚洲综合婷婷久久| 国产激情在线观看视频| 国产一区二区网| 男人添女荫道口女人有什么感觉| 在线一区二区不卡| 亚洲精品手机在线观看| 精品久久久久久无码国产| 成人免费观看cn| 免费网站在线观看视频| 91免费版看片| 特色特色大片在线| 日韩视频在线观看视频| 8x8x成人免费视频| 国产美女18xxxx免费视频| 日本免费观看网站| 午夜免费精品视频| 久久九九国产视频| 国产精品少妇在线视频| 男女av免费观看| 中国丰满人妻videoshd| 成人中文字幕在线播放| 3d动漫一区二区三区| 久久久久久久9| 日本wwwcom| 精品无码一区二区三区爱欲| 久久99久久99精品| av高清在线免费观看| av免费看网址| 玩弄中年熟妇正在播放| 国产96在线 | 亚洲| 妞干网在线视频观看| 成人免费观看cn| 两根大肉大捧一进一出好爽视频| 免费成人午夜视频| 黑鬼大战白妞高潮喷白浆| 久久久久久香蕉| 亚洲成人天堂网| 永久免费的av网站| 久久艹这里只有精品| 欧洲金发美女大战黑人| 黄色三级中文字幕| 国产乱子伦农村叉叉叉| 成人在线观看a| 自拍偷拍21p| 国产精品jizz在线观看老狼| 日本道在线视频| 国产老熟妇精品观看| 欧美牲交a欧美牲交aⅴ免费真 | 91麻豆天美传媒在线| www插插插无码免费视频网站| 国产自产在线视频| 妺妺窝人体色www在线小说| 成人午夜激情av| 日本高清免费在线视频| 福利在线小视频| 少妇高潮毛片色欲ava片| 亚洲色精品三区二区一区| 亚洲免费成人在线视频| 日韩一级特黄毛片| 国模吧无码一区二区三区| gogogo高清免费观看在线视频| 中文字幕第22页| 亚洲人成无码网站久久99热国产| 欧美 日韩精品| √天堂资源在线| 国产欧美日韩网站| 国产一二三区av| 伊人网在线免费| 不卡影院一区二区| 999久久久精品视频| 日韩国产一级片| www.精品在线| 18禁裸男晨勃露j毛免费观看|