1650亿元、500亿元、710亿元！今天发行→

Group 1 - The issuance of 2025 ultra-long special government bonds has commenced, with a 20-year term of 50 billion yuan at a winning interest rate of 1.98% and a 30-year term of 71 billion yuan at a winning interest rate of 1.88% [1][4] - The 2025 central financial institution capital injection special government bonds have been issued with a 5-year term of 165 billion yuan and a weighted winning interest rate of 1.45% [2][3] - The total planned issuance of ultra-long special government bonds for this year is 1.3 trillion yuan, an increase of 300 billion yuan compared to 2024, with specific allocations for supporting "two heavy" project constructions and "two new" policy implementations [4] Group 2 - Ultra-long special government bonds are defined by three key terms: ultra-long, special, and government bonds, which are typically bonds with a maturity of over 10 years [5] - The term "special" indicates that the funds raised are designated for specific purposes, requiring dedicated use [5] - Government bonds are issued by the state to raise fiscal funds and are considered the safest investment tool due to their highest credit rating [5]