China's interbank bond market regulator has sent guidance to curb short-term bond issuance by local government financing vehicles (LGFV), sources said, in Beijing's latest effort to reduce debt risks. The National Association of Financial Market Institutional Investors (NAFMII) has recently asked LGFVs to issue refinancing bonds with tenors of two years or longer, effectively discouraging short-term bond issuance, according to sources [...]