Yiwu bags $400m despite virus fears, offers hope for LGFV issuers
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Yiwu bags $400m despite virus fears, offers hope for LGFV issuers

Light at end of tunnel hope doubt from Alamy 230x150

Investors shrugged off concerns about Chinese local government financing vehicles to invest in Yiwu State-owned Capital Operation Co’s $400m bond sale this week. Despite the outbreak of Covid-19 (the coronavirus), there is still interest in mainland government-linked credits and the premium they offer. Morgan Davis reports.

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