Group 1 - In August 2025, China issued a total of 571.5 billion yuan in new local government bonds, comprising 82.5 billion yuan in general bonds and 489 billion yuan in special bonds [1] - The total issuance of local government bonds in August reached 980.1 billion yuan, including 408.6 billion yuan in refinancing bonds [1] - The average issuance term for local government bonds in August was 14.4 years, with an average interest rate of 2.04% [1] Group 2 - As of the end of August 2025, the total local government debt balance was 5,324.84 billion yuan, with general debt at 1,727.28 billion yuan and special debt at 3,597.56 billion yuan [2] - The average remaining maturity of local government bonds was 10.4 years, with an average interest rate of 2.88% [2] - The debt limit for local governments in 2025 was approved at 57,987.43 billion yuan, with general debt limit at 18,068.92 billion yuan and special debt limit at 39,918.51 billion yuan [2]
8月中国发行新增地方政府债券5715亿元
Zhong Guo Xin Wen Wang·2025-09-29 12:36