Chinese local authorities have stepped up bond sales to assist small and midsize banks in supplementing capital to mitigate risks to the financial system as narrowing margins squeeze lenders.
Local governments of 16 provinces and regions had issued 19 special-purpose bonds designed to inject liquidity into banks as of Dec. 11, worth a total of 208.3 billion yuan ($29 billion), according to data from bond market database ChinaBond.
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