Local administrations issued bonds to the tune of 1.41 trillion yuan ($210 billion) up till Sunday June 26, which was an 80% jump from a year ago, and that total could rise further

A directive by the State Administration of Foreign Exchange (SAFE) did not change policies but the impact of stricter pre-issuance supervision was noticeable

Reports that lenders are curbing property loans to local government financing vehicles is "concerning" as they are bigger and more significant source of funding than dollar bonds, DBS says