Core Insights - The policy of utilizing local government special bonds to support the acquisition of idle land and existing commercial housing for affordable housing is seen as a new approach to address the real estate inventory issue since the end of 2024 [1] - Overall progress has been slow due to challenges related to pricing mechanisms and yield balance [1] Group 1: Policy Implementation - As of September 3, 2023, a total of 537 special bond storage projects have been implemented nationwide, with a utilization scale of 146.6 billion yuan for the two targeted areas [1] - Only 18 bonds have been issued for the acquisition of existing commercial housing, accounting for less than 4% of the total projects [1] Group 2: Innovative Practices - Some cities have provided valuable experiences in addressing core challenges through innovative practices, such as implementing a "fat and thin" asset combination model and establishing green channels for storage [1] - Experts suggest considering the use of ultra-long special national bonds to support storage, optimizing debt-loan combinations, and improving the issuance of affordable housing REITs to enhance financing and exit mechanisms for storage [1]
全国已落地537个专项债收储项目，用于支持“两个领域”的专项债使用规模为1466亿元
Zheng Quan Shi Bao Wang·2025-09-04 23:29