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2000亿元地方债曾经是地方政府争夺资金渠道的重中之重,这一缓解地方政府融资的“灵丹妙药”却在上市之后陷入了叫好不叫座的尴尬境地。自财政部3月17日确定将代地方发行2000亿元的债券之后,4月伊始,地方债就以强大的阵容席卷而来。从新疆、安徽、河南、四川、重庆到辽宁、天津、山东、江苏,再到吉林、青岛、湖北、青海,截至目前已有13个省市发行地方债,然而,它们并没有像想象中那样赢来一片利好之声,反而遭遇了出人意料的冷遇。先是首期发行的地方债——新疆债上市首日即遭遇跌破发行价之后,第二只登陆交易所债市的安徽债更是出现了零成交量的“雷人”表现,而此后的数只地方债也均表现不佳。曾经被有关监管部门视为2009年我国债券市场“重头戏”的地方债券纷纷陷入窘境,这不禁让人开始对地方债发行的目的——为地方政府扩大融资渠道表示深深的质疑。有专家表示,目前看来,处境尴尬的地方债很难成为地方政府融资的利器。
Local government debts of 200 billion yuan were once the top priority for local governments for funding channels. This “miraculous cure” for local government financing has plunged into an awkward position when it went public. Since the Ministry of Finance confirmed on March 17 that it will issue 200 billion yuan of bonds on behalf of local governments, local bonds have swept away from a strong lineup from the beginning of April. So far, 13 provinces and cities have issued local bonds from Xinjiang, Anhui, Henan, Sichuan, Chongqing, Liaoning, Tianjin, Shandong and Jiangsu, and then to Jilin, Qingdao, Hubei and Qinghai. However, they are not as good as imagined Win a good sound, but unexpectedly encountered a cold reception. First, the first issue of local bonds - Xinjiang debts listed on the first day of experience below the issue price, the second landing of the Exchange bond market in Anhui is the emergence of a zero volume “Ray” performance, and Since then, only a few local debts have also performed poorly. Local bonds, which were once considered by regulatory authorities as China’s bond market in 2009, have got into a dilemma one after another, which can not help but start the issue of local government bonds issued for the local government to expand the financing channels expressed deep doubts. Some experts said that at present it seems difficult to become a local government financing local embarrassment of local debt.