Research on the Issuance Management of China's Local Government Special Bonds

DOI

10.2991/icfied-19.2019.43How to use a DOI?

Keywords

Local government, Special bond, Issuance Management

Abstract

China's local government special bond issuance management has been strictly regulated by the central government in terms of method selection, rulemaking and underwriter qualification. According to the income equivalence theorem, the amount of income that local governments receive for bond issuance depends on the degree of investor participation. By comparing the distribution management experience of the United States and China, we can find that there is still room for further improvement in the management of China's local government special bond issuance in many aspects.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Chunyan Zhang
PY  - 2019/02
DA  - 2019/02
TI  - Research on the Issuance Management of China's Local Government Special Bonds
BT  - Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)
PB  - Atlantis Press
SP  - 236
EP  - 240
SN  - 2352-5428
UR  - https://doi.org/10.2991/icfied-19.2019.43
DO  - 10.2991/icfied-19.2019.43
ID  - Zhang2019/02
ER  -