Scepticism over new LGFV loan rules

China bank exposure to liquidity risk could rise in 2013 if the maturities of local government financing vehicle loans are once again extended, increasing market scepticism towards this form of funding.

  • 23 Apr 2013

Market scrutiny towards local government financial vehicles’ (LGFVs) loans could increase this year, but only if Chinese banks re-extend the loan maturities of these vehicles.

The China Bank Regulatory Commission (CBRC) distributed guidance to strengthen the supervision of loans to LGFVs on April 16. The new rules, however, are ...

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