Rising defaults by Chinese State-Owned-Enterprises (SOEs) raised concerns over whether local governments will stop bailing out the Local Government Financing Vehicles (LGFVs). What are the differences between LGFVs and SOEs? How does one assess the likelihood of government support for LGFVs? What is the outlook for the LGFV sector and the opportunities and risks involved?
Our Chinese Corporates Senior Analyst, Zerlina Zeng shares her thoughts on these issues and introduces our LGFV assessment framework in this webinar.