稳增长后劲足政府债券加快发行使用

Group 1 - The article highlights the acceleration of government bond issuance and usage in China, with a focus on special long-term bonds and local government bonds, which are expected to support economic growth [1][2][3] - As of August 26, 2023, the issuance of special long-term bonds reached 996 billion yuan, with a progress rate of 76.6%, and local government special bonds issued totaled 31,497.6 billion yuan, representing a 40% increase compared to the same period last year [1][2] - The government plans to issue 1.3 trillion yuan of special long-term bonds in 2025, an increase of 300 billion yuan from 2024, focusing on key areas such as infrastructure and new technologies [1][3] Group 2 - The funds from local government special bonds are increasingly directed towards various sectors, with 28.2% allocated to municipal and industrial park infrastructure, 18.8% to transportation infrastructure, and 12.9% to land reserves [3][4] - The use of special bonds for land reserves is expected to stimulate an additional 1 trillion yuan in fixed asset investments in real estate and infrastructure [3][4] - The expansion of the investment scope for local government special bonds is anticipated to enhance the effectiveness of government investment guidance funds [4][5] Group 3 - Experts predict that the combined efforts of special long-term bonds and local government special bonds will significantly boost investment, providing momentum for domestic demand and economic stability [5] - In the fourth quarter, it is expected that relevant departments will introduce incremental policies in response to changing circumstances, including the potential issuance of additional special bonds [5]