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2024-10-12 HKT 10:19
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Finance Minister Lan Fo’an said that a package of targeted expansionary policy measures will be launched soon, notably including more support for local governments to resolve government debt risks, increasing debt quotas at a higher rate more, and support local governments to solve it. Local governments can free up more energy and financial space to promote development and protect people’s livelihoods.
The second step is to issue special financial bonds to support large state-owned commercial banks, replenish core tier one capital, improve banks’ ability to withstand risks and credit expand, and better serve the development of the real economy.
On the other hand, using special local government bonds, special currencies, tax policies and other tools to support the promotion of the real estate market and stabilize it will increase support for key groups.
He said that important measures in other policies are also being studied. For example, the central government still has a lot of room to borrow and increase deficits.
2024-10-12 02:19:00
#Ministry #Finance #Issuing #special #financial #bonds #increasing #support #local #governments #resolve #government #debt #risks #RTHK
