Group 1 - Ningxia issued a 15-year special local government bond for healthcare with a scale of 0.66 billion and an issuance rate of 1.94% [1] - The marginal multiple for the healthcare bond was 1.30 times, with an expected multiple of 2.18 [1] - Ningxia also issued a 10-year special local government bond for urban renewal with a scale of 1.00 billion and an issuance rate of 1.79% [1] Group 2 - The marginal multiple for the urban renewal bond was 3.00 times, with an expected multiple of 2.34 [1]

Group 1 - Xinjiang issued 10-year general local bonds with a scale of 27.53 billion yuan and an issuance rate of 1.74%, with a marginal multiple of 5.44 times, exceeding the expected multiple of 1.73 [1] - Xinjiang issued 7-year general local bonds with a scale of 17.12 billion yuan and an issuance rate of 1.63%, with a marginal multiple of 2.04 times, exceeding the expected multiple of 1.64 [1] - Xinjiang issued 10-year special local bonds for housing improvement with a scale of 0.26 billion yuan and an issuance rate of 1.77%, with a marginal multiple of 1.67 times, slightly below the expected multiple of 1.72 [1] - Xinjiang issued 15-year other special local bonds with a scale of 27.71 billion yuan and an issuance rate of 1.95%, with a marginal multiple of 2.21 times, exceeding the expected multiple of 1.93 [1]

Group 1 - Xinjiang issued 15-year general local bonds with a scale of 43.49 billion yuan and an issuance rate of 2.02%, with a marginal multiple of 1.41 times, exceeding the expected multiple of 2.00 [1] - Xinjiang issued 5-year general local bonds with a scale of 5.83 billion yuan and an issuance rate of 1.62%, achieving a marginal multiple of 4.40 times, significantly higher than the expected multiple of 1.63 [1] - Xinjiang issued 10-year other special local bonds with a scale of 24.4 billion yuan and an issuance rate of 1.82%, with a marginal multiple of 2.00 times, matching the expected multiple of 1.82 [1] Group 2 - Xinjiang issued 10-year shantytown renovation special local bonds with a scale of 4 billion yuan and an issuance rate of 1.86%, resulting in a marginal multiple of 4.67 times, surpassing the expected multiple of 1.82 [1] - Xinjiang issued 15-year other special local bonds with a scale of 8.2 billion yuan and an issuance rate of 2.06%, with a marginal multiple of 1.23 times, below the expected multiple of 2.00 [1]

Group 1 - Shanxi issued 7-year general local bonds with a scale of 14.3018 billion yuan and an issuance rate of 1.6500%, with a marginal multiple of 3.78 times, exceeding the expected multiple of 1.68 [1] - Shanxi issued 10-year special local bonds for housing renovation with a scale of 5.8900 billion yuan and an issuance rate of 1.7100%, with a marginal multiple of 1.58 times, below the expected multiple of 1.80 [1] - Shanxi issued 10-year other special local bonds with a scale of 10.2200 billion yuan and an issuance rate of 1.7100%, with a marginal multiple of 1.14 times, below the expected multiple of 1.79 [1] - Shanxi issued 15-year other special local bonds with a scale of 12.9800 billion yuan and an issuance rate of 2.0500%, with a marginal multiple of 1.97 times, slightly below the expected multiple of 1.99 [1]