Caixin OnlineFinance & EconomicsTop Stories Finance Urban Platforms in a Policy Pressure Cooker
01.23.2013 13:00

Urban Platforms in a Policy Pressure Cooker

Fund-raising options are narrowing for local government financing platforms with new directives from Beijing
By staff reporters Huo Kan and Yang Lu

(Beijing) -- Game rules are changing for urban China's quasi-market financing platforms that have been fueling local government infrastructure projects ever since the global financial crisis.

And the game players – mainly government officials in cities, townships and districts for whom the platforms have been convenient cash cows – are getting nervous.

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