财政部：上半年各地发行专项债券用作项目资本金1917亿元，同比增长16%

Core Viewpoint - The Ministry of Finance is optimizing the management mechanism of local government special bonds to enhance their effectiveness in infrastructure, social welfare, and investment expansion [1][2] Group 1: Special Bond Issuance and Management - The issuance and usage of special bonds have accelerated significantly, with a total of 2.16 trillion yuan issued in the first half of the year, representing a 45% year-on-year increase [1] - A pilot program for "self-examination and self-issuance" of special bond projects has been launched in 10 provinces and Xiong'an New Area, allowing provincial governments to approve and issue bonds independently [1] - A "green channel" has been established for ongoing projects in non-pilot areas to facilitate the issuance of special bonds, granting local governments more flexibility and autonomy [1] Group 2: Expansion of Bond Utilization Areas - The scope of special bond applications has broadened from a "positive list" to a "negative list," allowing funding for various projects except for those with no revenue, certain competitive industries, and regular expenditures [2] - Special bonds can now be used for land reserves and the acquisition of existing commercial housing for affordable housing projects, promoting a stable and healthy real estate market [2] - The range of industries eligible for special bonds as project capital has expanded from 17 to 22, with 191.7 billion yuan issued for project capital in the first half of the year, a 16% increase year-on-year [2] Group 3: Improvement of Management Mechanism - A regular project application and review mechanism has been established for non-pilot areas, with quarterly reviews and a streamlined reporting process through the information systems of the Ministry of Finance and the National Development and Reform Commission [2] - Enhanced supervision of special bond fund usage is being implemented to prevent misappropriation and ensure dedicated use of funds [2] - The Ministry of Finance plans to continue tracking and evaluating policy implementation to further optimize the management mechanism of special bonds [2]