今年新增专项债券发行进度已超83%

Core Insights - The issuance of special bonds by local governments has accelerated significantly this year, with a total of approximately 36,613 billion yuan issued as of September 28, representing 83.2% of the planned 44,000 billion yuan for the year [1][2][3] - The quarterly issuance has shown a clear upward trend, with 9,602 billion yuan in Q1, 12,004 billion yuan in Q2, and 15,006 billion yuan in Q3, indicating a proactive fiscal policy aimed at stabilizing the economy and promoting project construction [1][3] Group 1 - Special bonds are a core tool of fiscal policy, playing a positive role in strengthening infrastructure, addressing shortfalls, benefiting people's livelihoods, and expanding investments [1] - The rapid issuance of special bonds reflects a more aggressive fiscal policy, which is crucial for stabilizing economic operations and accelerating project construction [1][3] - The government plans to leverage special bonds and other financial tools to support public services, encourage private investment, and assist in the transformation of financing platforms [2] Group 2 - Future efforts should focus on maintaining the continuity and stability of proactive fiscal policies to boost market confidence and inject vitality into the market [3] - There is a need for structural adjustments in special bonds to better reflect their usage effectiveness, with an emphasis on expanding their application to stimulate investment and consumption [3] - Increased support for major infrastructure projects in sectors such as transportation, energy, and water conservancy is recommended to enhance economic growth [3]