Group 1 - Beijing issued a 1-year special local bond for rail transit with a scale of 0.57 billion and an issuance rate of 1.41%, achieving a marginal multiple of 5.09, exceeding the expected multiple of 3.31 [1] - Beijing issued a 2-year special local bond for affordable housing with a scale of 15 billion and an issuance rate of 1.42%, achieving a marginal multiple of 3.28, exceeding the expected multiple of 2.59 [1] - Beijing issued a 5-year special local bond for other purposes with a scale of 189.98 billion and an issuance rate of 1.56%, achieving a marginal multiple of 1.56, below the expected multiple of 2.20 [1]

Group 1 - Dalian issued a 5-year special local bond with a scale of 0.4500 billion, an issuance rate of 1.5500%, and a marginal multiple of 2.22, exceeding the expected multiple of 1.57 [1] - Dalian issued a 10-year municipal infrastructure special local bond with a scale of 1.2110 billion, an issuance rate of 1.8600%, and a marginal multiple of 1.80, surpassing the expected multiple of 1.73 [1] - Dalian issued a 15-year special local bond with a scale of 0.9483 billion, an issuance rate of 2.0600%, and a marginal multiple of 4.03, significantly higher than the expected multiple of 1.92 [1] - Dalian issued a 20-year special local bond with a scale of 27.6095 billion, an issuance rate of 2.1200%, and a marginal multiple of 2.88, above the expected multiple of 2.12 [1] - Dalian issued a 30-year special local bond with a scale of 0.1238 billion, an issuance rate of 2.1300%, and a marginal multiple of 1.54, lower than the expected multiple of 2.08 [1]