长达50年的超长期特别国债，个人能买吗

Core Viewpoint - The issuance of ultra-long-term special government bonds in China has garnered significant attention, particularly regarding their investment purposes and accessibility for individual investors [1][2]. Group 1: Overview of Ultra-Long-Term Special Government Bonds - Ultra-long-term special government bonds have a minimum term of 20 years and a maximum of 50 years, distinguishing them from regular government bonds, which typically have a maximum term of 10 years [2]. - In 2023, China plans to issue a total of 1.3 trillion yuan (approximately 130 billion) in ultra-long-term special government bonds, an increase of 300 billion yuan from the previous year [2]. - The funds from these bonds will be allocated to support major national strategies and key areas, with 800 billion yuan directed towards "two重" projects and 500 billion yuan towards "two新" policies [2]. Group 2: Investment Channels for Individual Investors - Individual investors can purchase ultra-long-term special government bonds through banks and securities companies [3][4]. - The bonds are categorized as book-entry bonds, primarily issued to institutional investors in the primary market, but can be bought by individuals in the secondary market [3]. - To purchase these bonds, investors must open a personal bond account and a funds account at a bank or a regular A-share securities account at a securities company [4]. Group 3: Specifics of the Recent Issuance - The first issuance of the 2025 ultra-long-term special government bonds includes 50 billion yuan for 20-year bonds and 71 billion yuan for 30-year bonds, with trading starting on April 29 [1][2]. - The issuance plan for this year includes a total of 21 phases, comprising 6 initial issues and 15 follow-up issues [1].