Traded ValueMonetary easing, debt restructuring
1、【Experts: New round of debt swap may reach 6-10 trillion yuan】
From the perspective of addressing fiscal pressures in certain regions and converting more hidden debts into explicit ones, conducting large-scale debt swaps is a necessary measure to mitigate short-term risks and strengthen debt monitoring. According to interviewed experts, the new round of debt swap may reach 6-10 trillion yuan. Local governments can restart issuing "swap bonds" or continue issuing "special refinancing bonds" and "special new special bonds" to alleviate local debt default risks, helping local governments focus more resources on economic development and livelihood security.
(Securities Times)
2、The Standing Committee of the National People's Congress will convene from November 4th to 8th.
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