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下半年新增专项债发行节奏料加快
Zhong Guo Zheng Quan Bao·2025-07-02 20:16

Group 1 - The core viewpoint of the articles highlights the acceleration of special bond issuance in various regions due to the "self-examination and self-issuance" pilot program, which is expected to enhance investment and stabilize growth in the second half of the year [1][3] - The pilot program includes ten provinces and municipalities, allowing them to issue special bonds without national approval, thereby increasing the efficiency of fund allocation and usage [1][2] - In the first half of the year, pilot regions issued a total of 2.16 trillion yuan in new special bonds, with major provinces like Guangdong, Shandong, Jiangsu, and Zhejiang each exceeding 300 billion yuan in issuance [1][2] Group 2 - Regions are not only speeding up bond issuance but also expanding the areas of investment and the scope of project capital, with nearly 200 billion yuan allocated for land reserve and acquisition of idle land [2][3] - Zhejiang's issuance of 552.67 billion yuan in special bonds, including 16.53 billion yuan for purchasing existing residential properties for affordable housing, sets a precedent for other regions [2][3] - Experts predict that the issuance of new special bonds will accelerate in the second half of the year, with a focus on supporting key areas and weak links, potentially reaching close to 2 trillion yuan in a single quarter [3]