Reuters exclusively reported that Chinese regulators have closed a regulatory loophole that last year allowed heavily indebted local government financing vehicles (LGFVs) to further increase their borrowing.
Exclusives | Asia
China closes local government offshore financing loophole
8 January 2024, 12:00 am
1 min read
![](https://reutersbest.com/wp-content/uploads/bis-images/17184/WEEKLY_01.11.24_CHINA-BONDS-LGFV-scaled-1-500x350-f50_50.jpg)