According to incomplete statistics from the China Index Research Institute, in the first three quarters of 2026, special bonds related to urban renewal were issued, of which 137.4 billion yuan was issued in the first quarter, an increase of 24.2% over the previous year. The second quarter declined, and slightly rebounded to more than 65 billion yuan in the third quarter. Among them, special bonds related to urban village renovation were issued about 10.9 billion yuan, an increase of 23% over the previous year, and the share of special bonds related to urban renewal increased to nearly 40%.

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