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          July 29, 2020

          2020H1 China’s LGFV Bond Market Review and Outlook: As Financing Regulation Loosens and Market Recovers, Faith in LGFV May Further Diverge

          Hong Kong, 29 July 2020 -- China Chengxin International Credit Rating Co., Ltd. (“CCXI”) released an interim report entitled “As Financing Regulation Loosens and Market Recovers, Faith in LGFV May Further Diverge”, which contains systematic analysis on the performance of primary and secondary markets of local government financing vehicle (LGFV) bonds during the first half of 2020, credit standing of LGFV enterprises, and its outlook in the future.  

           

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