Stable investment, stable economy, the curtain of local bond issuance opens

On January 17th, Jins data, Qingdao, Hubei and other places took the lead in launching the 2025 local bond issuance work, opening the curtain on this year’s local bond issuance. According to preliminary statistics, the total amount of local bonds already issued and planned to be issued has exceeded 500 billion yuan, with a large proportion of new special bonds and refinancing special bonds. Experts say that the pace of local bond issuance in the first quarter will be faster than the same period last year. The new special bonds will effectively support key project construction to stabilize investment and the economy; the refinancing special bonds will be mainly used to replace implicit debts and support local debt risk resolution.