China Revives Free-Trade Zone Bond Market After 2023 Crackdown
AI Summary
China’s Shanghai free-trade zone bond market is showing recovery signs after a prior crackdown in 2023 targeting local governments' excessive borrowing. The market revival reflects loosening regulatory pressure on bond issuance.
Signs of life are returning to the Shanghai free-trade zone’s bond market, which went quiet in late 2023 after Chinese authorities clamped down on excessive borrowing by local governments.