{"id":153983,"date":"2023-09-12T05:43:39","date_gmt":"2023-09-12T00:13:39","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=153983"},"modified":"2023-09-12T05:43:39","modified_gmt":"2023-09-12T00:13:39","slug":"china-to-tighten-scrutiny-of-lgfvs-as-beijing-addresses-municipal-debt-woes-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/china-to-tighten-scrutiny-of-lgfvs-as-beijing-addresses-municipal-debt-woes-crypto-news\/","title":{"rendered":"China to tighten scrutiny of LGFVs as Beijing addresses municipal debt woes &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>According to Reuters on Tuesday, China will tighten monitoring on several thousand local government financial vehicles (LGFVs), barring new LGFVs from selling <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/bonds\">bonds<\/a> publicly, to close loopholes in a strategy to handle municipal debt difficulties. two people with knowledge of the topic said.<\/p>\n<p>By scrutinising the LGFVs, Chinese officials want to prevent them from obtaining funds from new organisations or shell businesses, which might exacerbate the debt situation.\u00a0<\/p>\n<h2 class=\"fxs_headline_medium\">Market reaction<\/h2>\n<p>With the positive development <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\">news<\/a> in China, AUD\/USD climbs above 0.6400, and NZD\/USD edges higher to 0.5917 at the press time<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: According to Reuters on Tuesday, China will tighten monitoring on several thousand local government financial vehicles (LGFVs), barring new LGFVs from selling bonds publicly, to close loopholes in a strategy to handle municipal debt difficulties. two people with knowledge of the topic said. By scrutinising the LGFVs, Chinese officials want to prevent them from [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":153984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,297,246,257,255,250,333,252,247,253,249,256,254],"class_list":["post-153983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-china","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/153983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=153983"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/153983\/revisions"}],"predecessor-version":[{"id":153985,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/153983\/revisions\/153985"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/153984"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=153983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=153983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=153983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}