20年、30年、50年！11只超长期特别国债定档→

Core Viewpoint - The issuance schedule for ultra-long-term special government bonds in the third quarter has been announced, with a total of 11 bonds to be issued, indicating a proactive fiscal policy aimed at boosting market confidence and investment [1][3]. Issuance Schedule - In July, three bonds will be issued, including a 20-year bond on July 14 and a 30-year bond on the same day, both being first issuances [2] - In August, four bonds will be issued, including a 50-year bond on August 1 and a 30-year bond on August 22, with several renewals scheduled [2] - In September, four bonds will be issued, including a 50-year bond on September 10 and a 30-year bond on September 19, all with semi-annual interest payments [2] Issuance Scale - In the first half of the year, 9 ultra-long-term special government bonds were issued, totaling 555 billion yuan, which is 42.69% of the total issuance for the year, significantly higher than the 250 billion yuan in the same period last year [2] - The total issuance scale for the second half of the year is projected to be 745 billion yuan, with a concentration in the third quarter [2] Fiscal Policy Impact - The issuance of ultra-long-term special government bonds is set to increase to 1.3 trillion yuan this year, up by 300 billion yuan from last year, with 800 billion yuan allocated to support "two heavy" projects and 500 billion yuan for "two new" policies [3] - The proactive fiscal policy aims to stimulate market confidence, social investment, and consumption, thereby enhancing market vitality [3][4] Consumption and Investment Support - The funding support for consumption goods replacement is set at 300 billion yuan, with previous allocations exceeding 1.4 trillion yuan in sales for related products this year [4] - The first batch of funding for equipment updates has been allocated to approximately 7,500 projects across 16 sectors, with ongoing project reviews for subsequent funding [4]