Group 1 - In August 2025, the total issuance of local government bonds in China reached 980.1 billion yuan, comprising 30.56 billion yuan in general bonds and 674.5 billion yuan in special bonds [1] - From January to August 2025, the total issuance of new local government bonds amounted to 3.8874 trillion yuan, with general bonds at 620.8 billion yuan and special bonds at 3.2666 trillion yuan [1] - The total repayment of principal for local government bonds from January to August 2025 was 1.9755 trillion yuan, with 1.7027 trillion yuan repaid through refinancing bonds [1] Group 2 - As of the end of August 2025, the total local government debt balance in China was 5.32484 trillion yuan, including 1.72728 trillion yuan in general debt and 3.59756 trillion yuan in special debt [2] - The average remaining maturity of local government bonds was 10.4 years, with general bonds averaging 6.1 years and special bonds averaging 12.4 years [2] - The average interest rate for local government bonds was 2.88%, with general bonds at 2.94% and special bonds at 2.84% [2]
财政部：8月全国发行地方政府债券9801亿元
Xin Hua Cai Jing·2025-09-29 13:48