Fitch Reviews NDRC/MoF Statement for Potential Impact on Chinese LRG-GREs
Country Risk / China / Wed 04 Jul, 2018
Following the issuance of a new directive by the Chinese authorities aiming at tightening the access of LGFVs/SOEs (collectively, government related entities - GREs) to offshore bond markets, Fitch Ratings is reviewing the directive for evidence of any change in practical support as measured by our criteria. The directive may potentially limit or