Core Viewpoint - The use of local government special bonds to recover and purchase idle land is a significant measure to stabilize the real estate market in 2023, with various regions actively promoting this initiative [1][3]. Group 1: Special Bonds and Land Recovery - As of April 10, 2023, approximately 850 plots of idle land have been publicly announced for recovery using special bonds across Guangdong, Sichuan, Fujian, and Hunan, totaling 128.2 billion yuan [1]. - In March 2023, the pace of public announcements for land recovery accelerated significantly, with 511 plots announced, an increase of 217 from February, and a total amount of about 68.4 billion yuan, reflecting a month-on-month growth of 29% [1][3]. - The issuance of special bonds for land recovery has already been completed in Guangdong, Sichuan, and Hunan, with a combined issuance amount of approximately 40.2 billion yuan for 166 projects [3]. Group 2: Policy and Mechanism - The Ministry of Natural Resources and the Ministry of Finance issued a notice in early March 2023 to clarify the requirements for bond issuance and the entities responsible for fund usage, aiming to streamline the approval process for special bonds [1][2]. - The notice emphasizes prioritizing the inclusion of idle land from the disposal list into land reserve plans, which is expected to promote regional development and stabilize land prices, thereby supporting downstream housing prices [3]. Group 3: Challenges and Future Outlook - Despite the progress, challenges remain in the implementation of special bonds for land recovery, including unclear bond quotas, difficulties in determining purchase prices, and a limited variety of purchasing entities [4]. - It is anticipated that other pilot regions for "self-examination and self-issuance" of special bonds, such as Fujian, Zhejiang, and Shandong, will accelerate their bond issuance for land recovery [4].
土地收储节奏加快 已公示拟发行专项债超1200亿元
Zheng Quan Ri Bao·2025-04-11 15:27