Core Insights - The total issuance of special new bonds reached 1.3583 trillion yuan as of December 5, 2025, with 7.4 billion yuan issued in the current period [1] - The cumulative issuance of refinancing bonds for replacing hidden debts has reached 2 trillion yuan, with 1.1 billion yuan issued in the current period, achieving a 100% issuance progress for this year's quota [1] - Since October 2025, the cumulative issuance of special refinancing bonds for repaying existing debts has reached 270.6 billion yuan, with 50.2 billion yuan issued in the current period [1] Summary by Region - Guangdong: Issued 1.127 billion yuan of special new bonds in 2025, with a total of 4.66 billion yuan for the year, achieving 109.4% of the issuance target [2] - Shandong: Issued 472 million yuan of ordinary/project income bonds, with a total of 3.521 billion yuan of special new bonds issued in 2025, achieving 106.0% of the target [2] - Zhejiang: Issued 528 million yuan of ordinary/project income bonds, with a total of 3.12 billion yuan of special new bonds issued in 2025, achieving 111.0% of the target [2] - Jiangsu: Issued 1.289 billion yuan of ordinary/project income bonds, with a total of 2.785 billion yuan of special new bonds issued in 2025, achieving 117.8% of the target [2] - Sichuan: Issued 633 million yuan of ordinary/project income bonds, with a total of 2.388 billion yuan of special new bonds issued in 2025, achieving 110.7% of the target [2] - Henan: Issued 737 million yuan of ordinary/project income bonds, with a total of 2.003 billion yuan of special new bonds issued in 2025, achieving 105.0% of the target [2] - Anhui: Issued 414 million yuan of ordinary/project income bonds, with a total of 1.760 billion yuan of special new bonds issued in 2025, achieving 103.9% of the target [2] - Hubei: Issued 459 million yuan of ordinary/project income bonds, with a total of 1.872 billion yuan of special new bonds issued in 2025, achieving 112.7% of the target [2] - Jiangxi: Issued 250 million yuan of ordinary/project income bonds, with a total of 1.562 billion yuan of special new bonds issued in 2025, achieving 100.7% of the target [2] - Hebei: Issued 702 million yuan of ordinary/project income bonds, with a total of 2.177 billion yuan of special new bonds issued in 2025, achieving 140.5% of the target [2] - Xinjiang: Issued 364 million yuan of ordinary/project income bonds, with a total of 1.238 billion yuan of special new bonds issued in 2025, achieving 82.1% of the target [2] - Hunan: Issued 615 million yuan of ordinary/project income bonds, with a total of 1.461 billion yuan of special new bonds issued in 2025, achieving 102.6% of the target [2] - Fujian: Issued 338 million yuan of ordinary/project income bonds, with a total of 1.505 billion yuan of special new bonds issued in 2025, achieving 105.9% of the target [2] - Beijing: Issued 151 million yuan of ordinary/project income bonds, with a total of 1.233 billion yuan of special new bonds issued in 2025, achieving 117.7% of the target [2] - Tianjin: Issued 362 million yuan of ordinary/project income bonds, with a total of 880 million yuan of special new bonds issued in 2025, achieving 98.0% of the target [2] - Yunnan: Issued 730 million yuan of ordinary/project income bonds, with a total of 845 million yuan of special new bonds issued in 2025, achieving 113.7% of the target [2] - Ningxia: Issued 91 million yuan of ordinary/project income bonds, with a total of 213 million yuan of special new bonds issued in 2025, achieving 625.0% of the target [2] Overall Summary - The total issuance of special new bonds across all regions in 2025 reached 1.3583 trillion yuan, with a total of 4.4962 trillion yuan planned for the year, achieving 112.3% of the issuance target [2] - The cumulative issuance of refinancing bonds for replacing hidden debts reached 2 trillion yuan, with 100% of the issuance target met [2]
今年2万亿置换隐债专项债额度已发行完毕
Sou Hu Cai Jing·2025-12-09 02:43