财政部：更好发挥超长期特别国债作用，自上而下谋划重大项目

Core Viewpoint - The Ministry of Finance plans to issue 1 trillion yuan of ultra-long-term special government bonds in 2024, with specific allocations for infrastructure and equipment upgrades, aimed at supporting economic stability and investment growth [1][2]. Group 1: 2024 Government Bond Issuance - In 2024, China will issue 1 trillion yuan of ultra-long-term special government bonds, with 700 billion yuan allocated for "two heavy" construction projects and 300 billion yuan for "two new" initiatives [1]. - The "two heavy" projects focus on infrastructure such as railways, highways, and agricultural development, while the "two new" initiatives support large-scale equipment updates and consumer goods replacement [1]. Group 2: 2025 Government Bond Issuance - In 2025, the issuance will increase to 1.3 trillion yuan, with 800 billion yuan for "two heavy" projects and 500 billion yuan for "two new" initiatives [1]. - Key areas for the 2025 bonds include ecological restoration, major transportation infrastructure, and urban underground pipeline projects [1]. Group 3: Management and Oversight - The report emphasizes the importance of project management and fund supervision for the ultra-long-term special government bonds, ensuring accountability from project departments [2]. - A market-oriented approach will be adopted for bond issuance, balancing monthly issuance volumes to align with project progress and mitigate market pressure [2]. Group 4: Future Plans - Future efforts will focus on enhancing the role of ultra-long-term special government bonds by improving information sharing and planning for major projects [2]. - There will be a thorough evaluation of the "two new" policy implementation and a commitment to optimize policy arrangements [2].