Core Viewpoint - The issuance of land reserve special bonds has accelerated, exceeding 500 billion yuan this year, with "self-examination and self-issuance" pilot areas dominating the issuance scale [1][2] Group 1: Issuance Overview - As of now, 27 provinces and cities have publicly announced specific information on acquiring idle land projects, covering a total of 5,182 plots with a funding scale of 578.048 billion yuan [1] - In the second half of the year, the issuance of land reserve special bonds has picked up, with 20 provinces and cities issuing bonds for acquiring idle land, totaling 517.2597 billion yuan [2] - The issuance scale of "self-examination and self-issuance" pilot areas reached 354.19228 billion yuan, accounting for 68.47% of the total [2] Group 2: Regional Highlights - Guangdong leads with a scale of 66.374 billion yuan, followed by Chongqing with 62.650 billion yuan, indicating strong regional participation in land reserve projects [1] - Major cities in economically developed regions like Shanghai, Guangdong, and Zhejiang have seen significant funding for land reserves due to high land values and the flexibility of "self-examination and self-issuance" [3] Group 3: Future Expectations - The industry anticipates that the total issuance of land reserve special bonds could reach 600 billion yuan this year, with projections for 2025 also estimating a similar range [3] - Analysts suggest monitoring the progress of non-"self-examination and self-issuance" pilot areas in November and December, as this could provide funding support for idle land repurchase and new land reserve projects [3]