Ministry of Finance, Measures for the 2014 Pilot Project for the Autonomous Issuance and Repayment of Local Government Bonds

财政部2014年地方政府债券自发自还试点办法

July 15, 2014 | BY

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Local governments allowed to issue their own bonds.

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Issued: May 19 2014

Effective: as of date of issuance


Main contents: Following approval by the State Council, Shanghai, Zhejiang, Guangdong, Shenzhen, Jiangsu, Shandong, Beijing, Jiangxi, Ningxia and Qingdao will launch the pilot project for the autonomous issuance and repayment of local government bonds in 2014.

The term “autonomous issuance and repayment” means the mechanism whereby a pilot area itself arranges for the issuance