Core Viewpoint - Shanxi Province successfully issued government bonds worth 2.373 billion yuan through the Beijing Stock Exchange, marking a significant step in its fiscal policy and bond issuance reform [1][3] Group 1: Bond Issuance Details - The bonds have varying maturities of 5, 10, 15, and 20 years, with an average issuance interest rate of 2.02% and an average bid-to-cover ratio of 23.51 times [1] - Shanxi has cumulatively issued government bonds totaling 154.9 billion yuan this year, which includes 88.564 billion yuan in new bond issuance and 66.336 billion yuan in refinancing bonds [1] Group 2: Fiscal Policy and Market Strategy - The Shanxi Provincial Finance Department is implementing a more proactive fiscal policy, focusing on local debt issuance reform and management while closely monitoring market dynamics [3] - The recent bond issuance is part of an innovative approach to broaden issuance channels and enhance cooperation with market participants, achieving full coverage across various issuance platforms [3] - Future plans include deepening fiscal and financial collaboration, optimizing bond issuance quality and efficiency, and enhancing fiscal sustainability to support stable economic development in Shanxi [3]