local government

China needs municipal bond rethink

In order for China’s nascent municipal bond market to flourish, authorities need to rethink their regulation philosophy.

May 06, 2014

Chaori default will provide resolution template

The resolution of China’s first onshore bond default will mark out a path for any further defaults, which are expected to happen this year.

March 14, 2014

Bank of Shanghai plans Shanghai and Hong Kong IPO

Commercial lender Bank of Shanghai will issue no more than 1.2 billion shares in each city as part of a planned dual listing that will raise funds to support its growth plans.

April 23, 2012

Catastrophic defaults unlikely for financing arms of China’s local regional governments

Standard & Poor’s director of sovereign ratings, Liang Zhong, discusses the current challenges facing local governments and why a systematic crisis is unlikely to happen in the near term.

S&P Global Ratings

Chinese local government debt returns to spotlight

Standard & Poor’s analyses the risks posed by China’s local government financing platforms.

S&P Global Ratings