Summary | China is set to boost local debt swap by admitting
municipal bonds as collateral for borrowing. Under the new
rule, banks can pledge municipal bonds as collaterals in the
central bank's repurchase agreement operations and other
liquidity support tools such as standing lending facility
(SLF), medium-term lending facility (MLF) and pledged ...
municipal bonds as collateral for borrowing. Under the new
rule, banks can pledge municipal bonds as collaterals in the
central bank's repurchase agreement operations and other
liquidity support tools such as standing lending facility
(SLF), medium-term lending facility (MLF) and pledged ...
china.org.cn | 13 May 2015