Core Insights - The Ministry of Finance reported that in June, a total of 628.1 billion yuan in new bonds were issued nationwide, including 101 billion yuan in general bonds and 527.1 billion yuan in special bonds [1] - The total issuance of local government bonds reached 1,175.3 billion yuan, with 368.4 billion yuan in general bonds and 806.9 billion yuan in special bonds [1] - In the first half of the year, new local government bonds issued amounted to 2.6127 trillion yuan, with 452 billion yuan in general bonds and 2.1607 trillion yuan in special bonds [1] Summary by Category New Bond Issuance - In June, the issuance of new bonds was 628.1 billion yuan, comprising 101 billion yuan in general bonds and 527.1 billion yuan in special bonds [1] - The total refinancing bonds issued nationwide in June were 547.2 billion yuan, with 267.4 billion yuan in general bonds and 279.8 billion yuan in special bonds [1] Local Government Bonds - A total of 11,753 billion yuan in local government bonds were issued, including 3,684 billion yuan in general bonds and 8,069 billion yuan in special bonds [1] - In the first half of the year, local government bonds issued totaled 5.4902 trillion yuan, with 1.1793 trillion yuan in general bonds and 4.3109 trillion yuan in special bonds [1] Special Bonds and Project Financing - The issuance of new local government special bonds for major project construction reached 2.6 trillion yuan in the first half of the year, with a broadened scope for project capital use from 17 to 22 industries [1] - Special bonds used as project capital amounted to 191.7 billion yuan, reflecting a year-on-year growth of 16% [1]