Investors’ Top 10 Questions on Chinese LGFVs in the China Offshore USD Bond Market

Lianhe Ratings Global Limited (“Lianhe Global”) has been outreaching to both onshore and offshore investors in the past several months. Most investors are interested in the credit profiles of Chinese local governments and local government financing vehicles (“LGFVs”) in the China offshore USD bond market. We have summarized the most commonly-asked questions and our feedback in this report.