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Experts Predict CN New Round of Debt Swaps Could Reach RMB6-10T; Local Govts May Restart Issuing Swap Bonds: CN Media
From the perspective of addressing fiscal pressures in certain regions and facilitating the conversion of more existing debts from "hidden to visible", it is necessary fo...
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Experts Predict CN New Round of Debt Swaps Could Reach RMB6-10T; Local Govts May Restart Issuing Swap Bonds: CN Media
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From the perspective of addressing fiscal pressures in certain regions and facilitating the conversion of more existing debts from "hidden to visible", it is necessary for China to conduct a large-scale swap of existing hidden debts in order to tackle short-term risks and strengthen debt monitoring, according to the Securities Times.

Experts told the Securities Times that the scale of the new round of debt swaps could reach RMB6-10 trillion. Local governments may restart issuing "swap bonds" or continue issuing "special refinancing bonds" and "special bonds for new specialized projects" to mitigate the risk of local debt defaults, helping local governments invest more energy and resources in economic development and public welfare.

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