In August, the issuance of local special bonds hit a new high in the year, and the issuance of "special" new special bonds in nine provinces exceeded 200 billion yuan

Golden Ten Data reported on September 2 that according to the information of public bonds issued by various provinces, the scale of new local special bond issuance exceeded 500 billion yuan in August, which was the peak of the monthly issuance scale so far this year. In January ~ August, the cumulative issuance of new local special bonds was about 2.28 trillion yuan, accounting for 58% of the annual quota, which was slower than the time schedule. In August, the issuance of local special bonds was accelerated, aiming to provide more incremental funds for local governments to promote investment and stabilize the rise. However, in August, nine provinces, including Fujian, Shanxi, Chongqing, Jilin, Jiangsu, Shandong, Hunan, Sichuan and Inner Mongolia, issued “special” new special bonds, with a total scale of more than 200 billion yuan, accounting for 42% of all new local special bonds in the month.