Closer Look: New Year Not So Happy for Officials Seeking Fund-raising Options
As local government officials looked forward to the new year, some hoped Beijing would relax restrictions on their financing tools.
Instead, they were hit with tougher rules.
"The four ministries' joint notification really grabbed us by the neck," said the manager of a local government financing platform (LGFP) company in Guizhou Province.
The document he referred to was released on December 24 by the Ministry of Finance, the central bank, the China Banking Regulatory Commission and the National Development and Reform Commission (NDRC).
- Project to Save South China Tigers in South Africa Lost in Wilderness
- Two More Journalists Held over Bribe-Taking
- Gov't Considers Ending Heavily Criticized Cotton Subsidies
- Closer Look: Jingdong Gives Alibaba Some Company in Financial Industry
- In Wednesday's Papers: Railroad Line Lacking Environmental Approval to Still Open, HSBC to Sell Stake in Bank of Shanghai
- Central Bank, CBRC Split on Including Rural Lenders in Deposit Plan
- Closer Look: Annual Work Conference Picks Up Where Plenum Left Off
- Junk Blockade
- Planned IPO Reform Is Reason for Hope
- In Tuesday's Papers: Economic Work Conference Starts in Capital, Officials Will Be Graded on More than Economy
- Sign up to receive our free daily newsletter
- Yi Gang: China's Forward-Thinking Forex Chief
- As U.S. Refuses a Dirty Fuel, China Only Too Ready to Increase Imports
- Coal Industry Finds Itself at a Crossroads
- Tough Timing
- Evergrande Partners with Harvard to Build Hospital in China
- Sina Corp., Investment Fund Management Firms Mull Net Sales
- Ruins of Urbanization
- In Friday's Papers: China, U.S. to Enhance Cooperation on Shale Gas; Wang Qishan 'May Only Serve Five Years'
- PBOC Said to Be Talking to Major Banks about Deposit Insurance
- Closer Look: Visit by Cameron Focuses on Trade and Investment