In October, 96.46 billion local government bonds were issued. It is estimated that there will be less than 150 billion left in the year

category:Finance
 In October, 96.46 billion local government bonds were issued. It is estimated that there will be less than 150 billion left in the year


In the fourth quarter, the new amount of local special bonds has not been used. Mingming, chief fixed income analyst of CITIC Securities (22.180,0.48,2.21%), said that since the special bonds can be used as project capital, as of September 30, there were nine projects with a total of 6.8 billion yuan of special bonds used as project capital, all of which were railway and airport projects. With the expansion of the scope of application of special bonds as capital funds and the improvement of the use of raised funds, special bonds will gradually boost infrastructure investment. According to Liu Yu, referring to the progress of project declaration and the impact of winter shutdown, the time for the implementation of the special debt quota issued in advance may be from the end of the year to the first quarter of next year. Considering the remaining issuance time window of this year, as well as the bookkeeping problem of the funds issued in advance in various places, it is expected that the actual issuance will be concentrated in the first quarter of next year. With reference to the early release arrangement at the beginning of this year, the issuance amount may reach 1.29 trillion yuan. Source: Yang Zeyu, responsible editor of China Securities Journal

In the fourth quarter, the new amount of local special bonds has not been used. Mingming, chief fixed income analyst of CITIC Securities (22.180,0.48,2.21%), said that since the special bonds can be used as project capital, as of September 30, there were nine projects with a total of 6.8 billion yuan of special bonds used as project capital, all of which were railway and airport projects. With the expansion of the scope of application of special bonds as capital funds and the improvement of the use of raised funds, special bonds will gradually boost infrastructure investment.

According to Liu Yu, referring to the progress of project declaration and the impact of winter shutdown, the time for the implementation of the special debt quota issued in advance may be from the end of the year to the first quarter of next year. Considering the remaining issuance time window of this year, as well as the bookkeeping problem of the funds issued in advance in various places, it is expected that the actual issuance will be concentrated in the first quarter of next year. With reference to the early release arrangement at the beginning of this year, the issuance amount may reach 1.29 trillion yuan.