Proactive fiscal policy takes the lead; this year, local government bond issuance has exceeded 3 trillion yuan.

K-LinePoet · 2026-04-12T05:22:08+00:00

This year, local government bond issuance exceeded 3 trillion yuan, including 1.4 trillion yuan in new bonds. The issuance of special bonds is progressing smoothly, and it is expected to continue supporting infrastructure investment in the second half of the year.

K-LinePoet

2026-04-12 05:22:08

Abstract generation in progress

This year, proactive fiscal policy is taking early and strong action. A reporter’s review of data disclosed by the Special Bond Information Network shows that, as of April 5, this year’s issuance of local government bonds has exceeded 3 trillion yuan. Of this total, newly issued bonds amount to 1.4 trillion yuan, while refinancing bonds amount to 1.8 trillion yuan. Experts say that looking ahead, the supply schedule for local government bonds in the second to fourth quarters this year may be similar to last year, thereby providing strong support for infrastructure investment. The issuance pace of newly added special bonds is relatively fast. Data shows that, as of April 5, this year’s newly issued special bonds totaled 11663.23 billion yuan; based on the full-year quota of 4.4 trillion yuan, the issuance progress is 26.51%. Newly issued general bonds totaled 2599.50 billion yuan; based on the full-year quota of 8000 billion yuan, the issuance progress is 32.49%. ( Shanghai Securities News )

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