ICYMI, China's rolling out a huge $1.4 trillion (10 trillion yuan) plan to help local governments tackle debt and boost the economy. What it is: Local governments can swap their "hidden debt" by issuing six trillion yuan in new bonds over the next three years. And if that's not enough, they have another four trillion yuan lined up over the next five years. Authorities estimate this debt swap will save about 600 billion yuan in interest...
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What it is:
Local governments can swap their "hidden debt" by issuing six trillion yuan in new bonds over the next three years.
And if that's not enough, they have another four trillion yuan lined up over the next five years.
Authorities estimate this debt swap will save about 600 billion yuan in interest...
$Bank Of China (601988.SH)$ $BANK OF CHINA (03988.HK)$ $Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$ $Hang Seng Index (800000.HK)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$
$BANK OF CHINA (03988.HK)$ $Kraneshares Tr Bosera Msci China A Sh Etf (KBA.US)$ $iShares MSCI China ETF (MCHI.US)$ $iShares China Large-Cap ETF (FXI.US)$
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