On July 10, 2026, Bloomberg reported that China's local governments had completed about 94% of the issuance quota for special refinancing bonds used to swap hidden debt, but the overall debt pressure on localities remains severe.
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李老师不是你老师TG
2026-10-04 00:57 · 🖼 7月10日，据彭博社报道，中国地方政府用于置换“隐性债务”的发债额度，已完成约94%。
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香港01：化解隐性债近尾声，中国下步稳增长不忘约束财政纪律
2026-10-06 19:16 · 2024年中国批准的10万亿化债计划中，包括了三年增加共计6万亿元地方债务限额的计划。到今年上半年末，彭博汇总数据显示，逾94%这部分额度已完成发行。
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Bloomberg Reports That China's Local Governments Have Completed About 94% of Their Bond Issuance Quota for Swapping Hidden Debt
2026.07.10 · Reported
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