Bond issuance boost in the pipeline

Legislators will consider assigning part of 2019 quota to local governments

Local governments are expected to accelerate bond issuance next year, to raise more funds for infrastructure construction projects and stabilize economic growth, according to analysts.

The country's top legislators will deliberate a proposal for assigning part of the 2019 bond issuance quota to local governments, during a seven-day meeting starting from Dec 23, according to a statement on the National People's Congress website.