Guangdong’s LGFVs

Rising bond issuance to support infrastructure upgrade projects

Guangdong’s lower reliance on local government financing vehicle (LGFV) bonds than other well-developed provinces could change given its development plans including the Greater Bay Area (GBA) projects. We expect bond issuance by the province’s LGFVs to increase in the 14th Five-Year Plan (2021 – 2025).

Join us in this webinar where we will discuss: 

  • How resilient is Guangdong’s economy/fiscal position to withstand the property sector downturn?
  • Is Guangdong’s economic development concentrated on Guangzhou and Shenzhen? 
  • What are the key infrastructure projects in the 14th Five-Year Plan and GBA Development Plan?
  • Why will LGFVs finance these projects given local governments’ strong fiscal position and Guangdong’s robust private sector?
  • Speakers keyboard_arrow_down
    Gene Fang Associate Managing Director, Sovereign Risk Moody's Investors Service Bio
    Amanda Du Vice President – Senior Credit Officer, Sub-Sovereign Group Moody's Investors Service Bio
    Elaine Lai Assistant Vice President-Analyst Moody's Investors Service Bio
Register to Watch.