According to statistics from China Bond Information Network, since November 9th, after the Ministry of Finance allocated an additional 6 trillion yuan debt limit for local governments to each province, as of December 11th, local governments have completed the issuance of a total of approximately 1.93 trillion yuan of local government refinancing special bonds for the purpose of replacing existing hidden debts.
一个月发行1.93万亿置换债，地方化债“燃眉之急”得解
Issuing 1.93 trillion replacement bonds in one month, solving the urgent need for local bonds.
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