On July 9, 2026, the National Association of Financial Market Institutional Investors issued window guidance to some banks, requiring them to avoid underwriting local government financing vehicle bonds with maturities of less than two years, in order to restrict chengtu short-term debt from rolling over old debt with new borrowing.
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李老师不是你老师TG
2026-10-04 00:57 · 🖼 7月9日，据彭博社报道，中国监管部门正要求部分银行家避免承销期限不足两年的地方政府融资平台债券，以限制资质较弱的城投公司继续依赖短期融资“借新还旧...
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21世纪经济报道（新浪财经）：城投短债发行遇“急刹车”
2026-10-06 19:16 · 这轮收紧约在6月底7月初启动，多位市场人士表示，城投类借新还旧主体收紧2年期以内债务融资工具发行，
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新华财经（新浪财经）：城投债发行或结构性收紧旨在化解集中到期兑付风险
2026-10-06 19:16 · 近期，关于监管或收紧城投债券发行审核口径的消息引发市场热议。
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Context CONTEXT
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This event
Chinese Regulators Instruct Banks to Limit Underwriting of Short-Term Chengtu Bonds with Maturities of Less Than Two Years
2026.06 · Reported
Effect
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