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He said draw off the old and new problems of local government debt currently take legal proceedings, is expected in August this year, the NPC Standing Committee will give the results. The urgent need to develop the market to the future, to build bonds with the government as the main local government debt financing mechanisms, as well as the functions of government financing platform company financing peeling, accounting for local government debt is expected to increase significantly. Written by one of the report, Managing Director of CITIC Securities accounted for high 24th Army report release site said that the future of local government bonds will become the largest part of the share of local government debt, and therefore the construction of the current bond market is the urgent need to address focus. 'Local government debt is now clear that the size of the replacement of March 1 trillion out, out June 1 trillion, two trillion has been determined; according to the latest data has been sent 1.2 trillion, and the remaining amount is not much .7 month there are rumors, later may also have a third of local government debt replacement solve the problem of local government debt, either by replacement or by other ways, is not a need to co-ordinate planning? this thing is not give market participants and the parties expect a certainty? 'This accounts for Jun said. Li Yang also said that local government debt is very complicated, for example, rating the problem, some do not have a rating or useless. No credit rating, do not see the risk, do not see the benefits, there is no way afterwards. 'In the past do you take advantage of, and to recognize. If it is the market, it must have a local government can not issue bonds without the credit.' 'Local government bonds in the future will be a very large market, the market itself will be very important in the bond market system in China. we will start local bond issuance and replacement when there is no thought about how to nurture this market? 'this accounts for the military, he said the market is not to solve short-term problems, a dozen trillion local government debt substituting at least several years to end, and the new local government debt should be solved by the market. China news agency, Xiamen, July 26 (Yang Fushan and Qiu Dapeng) - 26 evening, carrying 210 passengers of Flight MF811 from Xiamen airport into the sky, fly to Amsterdam, marking Xiamen - Amsterdam Airlines