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          October 23, 2020

          Issuance of Next Year’s New Special Bonds May Fall Back, and Risks of Special Bonds Need to Be Forestalled in Promoting Economic Circulation

          Hong Kong, 23 October 2020 -- China Chengxin International Credit Rating Co., Ltd. Research Institute (“CCXI Research Institute”) has recently released the report, Proportion of "Two New & One Major" has been Improved to Shore up for Weak Spots, and Risk Prevention of Special Bonds still Needed to Promote Circulation — Review and Outlook on Local Government Special Bonds in First Three Quarters of 2020. This report holds that as an important source of funds for infrastructure construction, special bond is a major tool to stabilize economic growth and shore up weak spots in “domestic economic circulation”.


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