KM Financial Solutions | UPDATE 1-China presses state lenders to curb local government debt risk
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UPDATE 1-China presses state lenders to curb local government debt risk

UPDATE 1-China presses state lenders to curb local government debt risk

BEIJING, March 30 (Reuters) – China’s Finance Ministry said
on Friday state-owned financial firms cannot provide new loans
for financing vehicles of local governments, as the government
steps up effort to curb local government debt risk.

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