Investor demand is strong for bonds from Chinese local government financing vehicles from chinese government bonds Watch Video
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Description: Local government financing vehicles (LGFVs) are the largest category of issuers in China’s onshore corporate bond market, accounting for 45% of total onshore corporate bonds outstanding. And they accounted for just over 20% of Chinese corporate offshore issuance in 2018-20. LGFV bond prices have held largely steady since the pandemic, reflecting investor confidence.
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