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Caixin Deep Dive: Chinese Local Governments Risk Replicating Mistakes of LGFVs

China Business Insider - News From Caixin Global

Release Date: 11/19/2025

Caixin Deep Dive: Chinese Local Governments Risk Replicating Mistakes of LGFVs show art Caixin Deep Dive: Chinese Local Governments Risk Replicating Mistakes of LGFVs

China Business Insider - News From Caixin Global

Culture-and-tourism investment companies emerge as a new financing channel for localities, but diverted funds and undistinctive projects leave many operating like LGFVs and facing the same financial pressures. Note: The conversation segment of this episode was generated using AI and has been edited for accuracy. It is based on this Caixin story: Subscribe now to unlock all coverage from Caixin Global and The Wall Street Journal for just $200 a year, enjoying a .  Group discounts are available — contact us for a .

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China Business Insider - News From Caixin Global

The ban leaves a legal void, complicating efforts by authorities to dispose of seized digital assets from crimes. Note: The conversation segment of this episode was generated using AI and has been edited for accuracy. It is based on this Caixin story: Subscribe now to unlock all coverage from Caixin Global and The Wall Street Journal for just $200 a year, enjoying a .  Group discounts are available — contact us for a .

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China’s inclusive finance has expanded rapidly under government push, but banks are caught in a bind — balancing policy goals with mounting risks. Note: The conversation segment of this episode was generated using AI and has been edited for accuracy. It is based on this Caixin story: Subscribe now to unlock all coverage from Caixin Global and The Wall Street Journal for just $200 a year, enjoying a .  Group discounts are available — contact us for a .

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Culture-and-tourism investment companies emerge as a new financing channel for localities, but diverted funds and undistinctive projects leave many operating like LGFVs and facing the same financial pressures.

Note: The conversation segment of this episode was generated using AI and has been edited for accuracy. It is based on this Caixin story:

In Depth: Chinese Local Governments Risk Replicating Mistakes of LGFVs

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