11 October 2026 | 1:49PM HKT Economics Research China: MOF approves an additional RMB550bn bond issuance quota to ensure full-year growth target is reached Bottom line: Following the 28 September State Council meeting and credit easing measures announced on 29 September, the Ministry of Finance (MOF) recently approved an additional RMB550bn local government bond issuance quota using those quotas carried over from previous years, in line with our expectations. We expect government bond issuance and the deplo ...