Recently, the issuance and use of local government bonds has accelerated markedly. According to the data, the scale of local bond issuance reached 1.19 trillion yuan in August, a new monthly high during the year. Among them: 518.8 billion yuan of additional special bonds were issued, second only to June; additional general bonds of 122.7 billion yuan were issued, second only to February. At the same time as issuing large amounts, local bond capital investment showed the characteristics of stable investment and equal emphasis on debt conversion: the capital used for project construction accounted for more than half of the new special bonds; Guizhou issued the country's first general refinancing bond to repay existing debt this year.

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