Report Summary 1. Core Data - As of November 2, the issuance progress of new special bonds was 90.1%. This week, 154.9 billion yuan of new special bonds were issued, a week-on-week increase of 42.5 billion yuan, and 45.2 billion yuan is planned to be issued next week [4]. - As of October 31, the cumulative issuance of new special bonds in October was 287.4 billion yuan, and the cumulative issuance of new general bonds was 18.3 billion yuan [5]. - As of November 2, the issuance progress of new general bonds was 86.3%. This week, 17 billion yuan of new general bonds were issued, a week-on-week increase of 15.7 billion yuan, and 0 yuan is planned to be issued next week [6]. - This week, the net financing scale of local bonds was 175.7 billion yuan, a week-on-week increase of 9.9 billion yuan. Next week, the planned net financing scale is -36 billion yuan. As of November 2, the issuance progress of new local bonds was 89.5% [9]. - As of November 2, the net financing progress of treasury bonds was 84.0% [12]. - This week, the net financing of government bonds was 175.7 billion yuan, a week-on-week decrease of 13.6 billion yuan. Next week, the planned net financing scale is 114.5 billion yuan. As of November 2, the net financing of treasury bonds + the issuance progress of new local bonds was 86.4% [15]. - This week, the net financing scale of treasury bonds was 0 yuan, a week-on-week decrease of 23.6 billion yuan. Next week, the planned net financing scale is 150.4 billion yuan [19]. 2. Core View The report tracks the issuance of government bonds in the 44th week of 2025, presenting the issuance progress, issuance scale, and net financing scale of new special bonds, new general bonds, local bonds, and treasury bonds, as well as their week-on-week changes and future issuance plans [4][6][9]
政府债发行追踪：2025年第44周
Zhong Xin Qi Huo·2025-11-03 06:33