发挥政府投资带动放大效应 专项债未来3个月或集中发行

Group 1 - The core viewpoint is that special bonds are crucial for driving effective investment, with a cumulative issuance of 11.35 trillion yuan since the 20th National Congress, supporting around 90,000 projects in areas like infrastructure and public welfare [1] - As of August 2, 2023, local governments have issued a total of 21,710.65 billion yuan in new local bonds this year, with special bonds accounting for 17,772.69 billion yuan, representing 45.57% of the annual quota of 39,000 billion yuan [1] - Compared to the same period last year, the issuance of new local bonds has slowed down, with last year's total at 30,504.62 billion yuan, where special bonds made up 25,708.30 billion yuan, or 67.65% of the annual quota of 38,000 billion yuan [1] Group 2 - The Ministry of Finance aims to accelerate the issuance and utilization of special bonds, focusing on new infrastructure and industries, with allocations favoring regions with well-prepared projects [2] - A recent meeting of the Political Bureau of the Central Committee emphasized the need to speed up the issuance of special bonds and utilize long-term special treasury bonds to support major national strategies and enhance safety capabilities in key areas [2] - It is expected that the issuance of local government bonds will significantly accelerate in the next three months, with an estimated issuance of around 20,000 billion yuan in August and September, maintaining levels similar to the previous year [3]