Xinhua News Agency, May 12, the reporter learned from a number of local debt underwriting institutions that in order to further promote the market-oriented reform of interest rates, Guangdong Province plans to uniformly adjust the lower limit of the interest rate range for local bond issuance next week to "treasury bond yield + 5bp." Prior to this, local bonds issued by economically powerful provinces such as Guangdong were priced with reference to treasury bond yields, and the lower limit of the interest rate range was "treasury bond yield + 10bp". In other words, the lower limit of the interest rate range of local bond issuance proposed by Guangdong next week has been lowered by 5bp. However, whether the adjustment of the lower limit can be achieved ultimately depends on the bidding situation. (21 Finance)