Bloomberg Business

China Banks Offer 25-Year Loans to LGFVs to Avert Credit Crunch

China’s biggest state banks are offering local government financing vehicles loans with ultra-long maturities and temporary interest relief to prevent a credit crunch amid growing tension in the $9 trillion debt market, according to people familiar with the matter.

Chinese Firms Are Issuing the Fewest Dollar Bonds in a Decade

Chinese firms’ dollar-bond issuance hit the lowest level in a decade during the second quarter, and there are few near-term catalysts to reverse the trend as cheap onshore borrowing costs and economic uncertainty persist.

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