The Chinese government has loosened bond financing requirements to boost investment and consumption in several public projects, according to the National Development and Reform Commission, or the NDRC.
Four sectors are expected to benefit. They are urban underground pipeline tunnels, strategic emerging industries, old-age services and urban parking lots. Specifically, information technology, biology, high-end equipment manufacturing, alternative energy, new materials, and alternative energy vehicles are being supported for finance via bond issuances.
Local governments also would draft preferential policies to enhance support for such bond issues. Plus, the NDRC also cut the debt ratio and rating requirements for qualified issuers.
