全国人大新闻发布会：2025年2万亿元置换债券发行相关工作已经启动

Core Viewpoint - The National People's Congress (NPC) is taking measures to manage local government debt effectively, including the approval of an increase in the local government debt limit by 6 trillion yuan to replace hidden debts, which is aimed at ensuring stable local fiscal operations and supporting high-quality development [1]. Group 1 - The NPC approved an increase of 6 trillion yuan in local government debt limits to replace existing hidden debts [1]. - By the end of last year, the 2 trillion yuan replacement bond quota for 2024 had been fully issued, with most regions completing the debt replacement [1]. - The issuance work for the 2 trillion yuan replacement bonds for 2025 has already been initiated, which helps to effectively prevent and mitigate local government debt risks [1]. Group 2 - The NPC Standing Committee will enhance supervision of government debt management, particularly focusing on the implementation of the increased local government debt limit for replacing hidden debts [1]. - There is a commitment to further strengthen government debt management and to establish a debt management mechanism that aligns with high-quality development [1]. - These measures are intended to support the sustained and healthy development of the economy and society [1].