---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40204192.md"
description: "China has launched its largest-ever debt restructuring program: by the end of June 2027, all local government financing vehicles nationwide must complete their cleanup and transformation, completely severing ties with government credit."
datetime: "2026-04-26T12:56:20.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40204192.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40204192.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40204192.md)
author: "[浩浩荡荡地](https://longbridge.com/en/profiles/19784218.md)"
---

# China has launched its largest-ever debt restructu…


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## Comments (8)

- **天南李飞鱼 · 2026-04-27T14:34:02.000Z**: All in the big A (Shanghai/Shenzhen market) and stuck in it.
  - **浩浩荡荡地** (2026-04-27T15:11:14.000Z): Right right right✅✅✅✅✅
- **雅克迪 · 2026-04-26T14:36:22.000Z**: Tax
  - **浩浩荡荡地** (2026-04-26T15:36:36.000Z): Yeah
  - **浩浩荡荡地** (2026-04-26T16:50:18.000Z): Charged too much
- **财不入急门¥ · 2026-04-26T13:50:00.000Z**: Where will these debts be transferred to, the A-share market?
  - **浩浩荡荡地** (2026-04-26T15:36:41.000Z): Of course
  - **浩浩荡荡地** (2026-04-26T16:50:25.000Z): Be careful