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China Tells Local Funds to Stop Buying LGFV Bonds Via HK Link

By Yahoo! Finance   |   Nov 19, 2024 at 12:40 AM EST
China Tells Local Funds to Stop Buying LGFV Bonds Via HK Link

China has restricted domestic investors from buying offshore yuan bonds issued by local government financing vehicles through the Bond Connect trading link with Hong Kong. The move aims to manage risks from the debt-laden sector.

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