年内新增专项债发行已突破7000亿元 超长期特别国债或在二季度启动发行

Group 1 - The Central Political Bureau of the Communist Party emphasized the need to effectively implement macro policies, including the early issuance and utilization of ultra-long-term special government bonds and accelerating the issuance of special bonds [1] - It is expected that various funding sources, including central budget investments, local government special bonds, and the issuance of ultra-long-term special bonds, will be arranged and accelerated to focus on key areas [1] - As of May 6, the newly issued special bonds this year reached 722.448 billion yuan, primarily directed towards municipal and industrial park infrastructure and transportation infrastructure [1] Group 2 - The issuance scale in the first quarter was lower than in previous years due to various factors, including the need for project funding and market conditions, but the overall annual issuance is still expected to meet forecasts [2] - The second quarter is anticipated to see the launch of ultra-long-term special bonds and a significant increase in local government special bond issuance, providing ample funding for infrastructure investment [2] - In the first quarter, fixed asset investment grew by 4.5% year-on-year, with infrastructure investment increasing by 6.5%, supported by the acceleration of national bond project construction [3] Group 3 - The issuance of 1 trillion yuan in national bonds last year played a crucial role in supporting infrastructure investment, with funds required to be utilized by the end of June [3] - The issuance of special bonds is expected to accelerate in the second and third quarters, focusing on key investment areas to quickly generate tangible work output [3]