Bonds Mar 03

Shandong claims issuance transparency first

Officials say provincial debt follow new disclosure of information template 

Shandong claims a first in bond transparency
Qingdao city in Shandong. Photo: Provincial tourist board.

(ATF) – The Finance Department in Shandong claims it is the first Chinese province to implement the new transparency regime for provincial bonds, state media reports.

In a bid to increase the disclosure of special bonds and improve the quality of government bond information, Shandong officials told local media it was “the first” to launch special bond information disclosure nationwide since February.

The disclosure template is based on revealing special bond implementation plans, financial balance evaluation reports and legal opinions.

Shandong propaganda officials said: “The information is refined, and the projects are made public in a unified form, which facilitates investors to obtain core project information in a timely manner, identify project risks, strengthen market constraints and project management, better promote the balance between project income and financing, and effectively prevent government bond debt risks.”