On October 23, Zhao Zeyong, Deputy Director of the Debt Management Department of the Ministry of Finance, introduced at a press conference that from January to September this year, a total of 1.8977 trillion yuan in special bonds for replacing existing hidden debts was issued nationwide, completing 95% of the annual limit of 2 trillion yuan. The progress on the issuance limit for replacing hidden debts of 6 trillion yuan has reached 98.3%. (Securities Times)
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Ministry of Finance: Progress on 6 Trillion Yuan Hidden Debt Replacement Limit Reaches 98.3%
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