政府债发行追踪

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report The report tracks the issuance of government bonds in the 33rd week of 2025, presenting the issuance progress and net financing scale of various types of bonds as of August 17, 2025, and their changes compared with the previous week. 3. Summary by Related Content New Special Bond Issuance - As of August 17, the issuance progress of new special bonds was 64.5% [4]. - This week, new special bonds issued 1.9 billion yuan, a decrease of 2.12 billion yuan compared with the previous week [4]. - As of August 17, the cumulative issuance of new special bonds in August was 5.93 billion yuan [5]. New General Bond Issuance - As of August 17, the issuance progress of new general bonds was 72.0% [10]. - This week, new general bonds issued 3.03 billion yuan, an increase of 2.3 billion yuan compared with the previous week [8]. - As of August 17, the cumulative issuance of new general bonds in August was 3.76 billion yuan [25]. Local Bond Net Financing - This week, the net financing scale of local bonds was -1.37 billion yuan, a decrease of 9.66 billion yuan compared with the previous week [12]. - As of August 17, the issuance progress of new local bonds was 65.6% [12]. Treasury Bond Net Financing - This week, the net financing scale of treasury bonds was 21.46 billion yuan, a decrease of 12.39 billion yuan compared with the previous week [16]. - As of August 17, the net financing progress of treasury bonds was 68.0% [18]. Government Bond Net Financing - This week, the net financing of government bonds was 20.09 billion yuan, a decrease of 22.05 billion yuan compared with the previous week [20]. - As of August 17, the progress of treasury bond net financing plus new local bond issuance was 66.9% [20].