For local government debts, transparency seen as a necessity
Updated: 2013-04-09 10:03
By Wu Yiyao in Shanghai (China Daily)
|
|||||||||
Pan Yingli, professor of finance at Shanghai Jiao Tong University, suggests the establishment of a mechanism to enable local governments to issue bonds for trading in Hong Kong.
"Under the mechanism and Hong Kong law, international capitalists and investors can restrain local governments' financial behavior; local governments should push forward transforming their financial decision-making to achieve more transparency and a more scientific and democratic decision-making process," she said.
Xiao Geng, research director and senior researcher at the Jinglun Institute for International Economics, said there will be no solution for local government debts without infrastructure that defines the ownership and settlement of assets and debts before local governments can issue bonds.
- China to introduce curbs on rising local debts
- Ministry considers limit on local debt
- High local debt levels coming under control
- Local debt at 9.25t yuan, says CBRC chief
- China recoups 259.2b yuan of misused funds in local debts
- Local debt NPL problems to loom by '13: Poll
- NPC deputy suggests municipal bonds to boost urbanization
- Li Na on Time cover, makes influential 100 list
- FBI releases photos of 2 Boston bombings suspects
- World's wackiest hairstyles
- Sandstorms strike Northwest China
- Never-seen photos of Madonna on display
- H7N9 outbreak linked to waterfowl migration
- Dozens feared dead in Texas plant blast
- Venezuelan court rules out manual votes counting
Most Viewed
Editor's Picks
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
TCM - Keeping healthy in Chinese way |
Poultry industry under pressure |
Today's Top News
Boston bombing suspect reported cornered on boat
7.0-magnitude quake hits Sichuan
Cross-talk artist helps to spread the word
'Green' awareness levels drop in Beijing
Palace Museum spruces up
First couple on Time's list of most influential
H7N9 flu transmission studied
Trading channels 'need to broaden'
US Weekly
Beyond Yao
|
Money power |