China Mulls Allowing Local Governments to Issue Bonds to Buy Homes, Bloomberg Reports
--China is considering allowing local governments to buy unsold homes with the proceeds raised from issuing special bonds, which are currently restricted to funding infrastructure and environment projects, Bloomberg reports, citing people familiar with the matter.
--China's local governments have already used more than half of this year's CNY3.9 trillion quota assigned for special bond issuances, and it's unclear what will be used for housing purchases if the proposal is approved, Bloomberg says.
Full Story: https://www.bloomberg.com/news/articles/2024-08-20/china-weighs-letting-local-governments-issue-bonds-to-buy-homes?sref=dwch56hJ
Write to Singapore editors at singaporeeditors@dowjones.com
(END) Dow Jones Newswires
August 20, 2024 05:06 ET (09:06 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
Undervalued by 25% and Yielding 5%, This Stock Is a Buy
-
Can AI Predict Future Stock Returns?
-
The Best Energy Stocks to Buy Now
-
10 Undervalued Wide-Moat Stocks
-
Obesity Drugs: Can New Firms Take Market Share From Eli Lilly and Novo Nordisk?
-
New 4-Star Stocks
-
Intel Fair Value Left Unchanged Despite Qualcomm Takeover Talk
United States