China Asks Bankers to Avoid Underwriting Short-Term LGFV Bonds

China is steering municipal borrowers away from issuing short-term bonds in the domestic market, according to people familiar with the matter, in its latest bid to curb fundraising by weaker issuers. China is steering municipal borrowers away from issuing short-term bonds in the domestic market, according to people familiar with the matter, in its latest bid to curb fundraising by weaker issuers.