Local debt speeds up issuance rate low to cold key

BCC network Beijing June 20 News (reporter Shen Yubio) According to the Voice of China, "Yang News" 10:55 reported that the Ministry of Finance in the next half of June will arrange Guangdong, Shanxi, Gansu, Hainan Province and the Xiamen bonds one-time tender issued, as at the end of June, the national total tender issued 37 local government bonds,　　Cumulative issue reached 165.9 billion yuan, accounting for the year 200 billion local bond issuance scale of 83%, the next half month issue, we connect CCTV reporter Shen Yubio to introduce to us: Moderator: As of the current issue of local debt issued how? Journalist: The issue of local debt is fast advancing, according to the plan for the issuance of local government bonds, the Ministry of Finance will arrange four provinces in Guangdong, Shanxi, Gansu, Hainan and Xiamen bonds in the second half of June, and the total amount is 24 billion yuan, in accordance with this implementation, by the end of June, there will be 30 provinces, as well as Qingdao, Dalian, Xiamen and other three listed cities, a total of 37 issue of local government bonds, the cumulative amount of 165.9 billion yuan, the number accounted for the national 200 billion local government bonds 83%, the remaining 34.1 billion yuan local government bonds will be Ningbo, Shenzhen Two of the three cities and 11 provinces jointly completed,　　Expected in July entirely.　　Moderator: Feel that the local debt at the beginning of the release, much attention and discussion, and then came on the market has been quite neglected, why do you think the enthusiasm of the investors did not inspire? Journalist: In the process of issuing local debt, many of the articles on local debt issue, most of the article shows that 0 of users to express their views, many netizens did not post, but also said that the local debt is not concerned about the important reasons for the cold, the first is a coupon rate of interest rate, the space is limited, This is the most important reason for local debt being left out, and while local debt is known as a quasi-national debt, however, compared with the real national debt, profitability, risk, there is a gap, at present, the alternative financial products can be a lot of choice, so the local debt is much left out, there is a local debt issuance scale is small, continuity is not strong,　　Liquidity will also be affected, so many members of the public do not have local debt. Moderator: Thank you for Shen Yubio's introduction.