政府债发行追踪：2025年第53周

Report Summary 1. Report Industry Investment Rating - Not mentioned in the provided content 2. Core View - The report tracks the issuance of government bonds in the 53rd week of 2025, presenting the issuance progress, weekly issuance amounts, and net financing scales of various types of bonds as of December 31, 2025, along with the planned issuance for the next week [3][7][9][13][15] 3. Summary by Relevant Catalog New Special Bonds - As of 12/31, the issuance progress of new special bonds was 104.4% [3] - This week, new special bonds worth 1.45 billion yuan were issued, a 1.25 - billion - yuan increase from the previous week, and 8.74 billion yuan is planned to be issued next week [3] - In December, the cumulative issuance of new special bonds was 13.49 billion yuan [4] New General Bonds - As of 12/31, the issuance progress of new general bonds was 96.3% [8] - This week, no new general bonds were issued, the same as the previous week, and 100 million yuan is planned to be issued next week [7] - In December, the cumulative issuance of new general bonds was 3.84 billion yuan [5] Local Bonds - This week, the net financing scale of local bonds was 1.74 billion yuan, a 2.06 - billion - yuan increase from the previous week, and 11.77 billion yuan is planned for next week [9] - As of 12/31, the issuance progress of new local bonds was 103.1% [10] Treasury Bonds - This week, the net financing scale of treasury bonds was 0 yuan, a 17.8 - billion - yuan decrease from the previous week, and 39.5 billion yuan is planned for next week [13] - As of 12/31, the net financing progress of treasury bonds was 98.2% [14] Government Bonds - This week, the net financing scale of government bonds was 1.74 billion yuan, a 15.74 - billion - yuan decrease from the previous week, and 51.27 billion yuan is planned for next week [15] - As of 12/31, the progress of treasury bond net financing plus new local bond issuance was 100.4% [15]