Economists ruled out the possibility of a major crisis in local government debt as the country begins a national audit into the situation.
Chinese property developers are expected to stay hungry for overseas funds in the second half, after borrowing a stunning 90.3 billion yuan in the first six months.
A series of articles published by Xinhua News Agency on Wednesday, which called for a lift of the ban on property developers' normal financing activities.
Financial services will be improved to guarantee credit growth and meet the huge demand of small and micro-sized businesses.
The State Council, or China's cabinet, on Friday reiterated that it will maintain a prudent monetary policy to support economic restructuring.
China will allow two more local governments, Jiangsu and Shandong provinces, to sell bonds directly in a pilot program.
Six cities or provinces will be allowed to sell bonds directly under an expanded pilot program to establish a regulated financing mechanism for local governments.
Moody's Investors Service estimates the direct and guaranteed debt of local governments could have been 12.1 trillion yuan at the end of 2012.
Zhou Xuedong, president of the Nanjing branch of the People's Bank of China suggests China allow municipal governments to issue bonds.
Wang Heshan, a NPC deputy and vice governor of Ningxia Hui autonomous region, talks about how to fully use local rescources, engage more private capital, and lure talents to build an inland economic pilot zone as part of Ningxia's urbanization drive.
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