The
Chinese Ministry of
Finance (MoF) recently rolled out another muni replacement program of legacy
local government debt, as the previous muni replacement quota of RMB 1 trillion only addresses about half of the
local government debt that is due to expire in 2015.
It is likely to generate a wide range of commercial and investment disputes in the infrastructure, transportation, logistics, maritime, energy and
financing sectors, between
Chinese investors and their
local partners or host
governments in the OBOR region.
According to online leaked documents, the
Chinese government is seeking an «orderly exit» from bitcoin mining operations in the coming months with the Leading Group of Internet Financial Risks Remediation, which happens to be the country's top internet -
finance regulator, issuing a notice asking
local governments to force mining operations out of business by resorting to measures such taxation, electricity pricing, property law and environmental regulations.