According to local government public debt data, the country issued a total of 9472 billion yuan of local government bonds in the first 10 months of this year, an increase of about 3.9% over the previous year. Judging from the monthly bond issuance scale, after the acceleration of bond issuance in August and September, the scale of bond issuance declined markedly in October, and the annual bond issuance is coming to an end. Currently, the legal financing channels for local governments mainly come from issuing local government bonds. In order to expand effective investment to stabilize the economy and mitigate the risk of local government debt, the scale of local government debt issuance has remained high in recent years. Last year, the scale of local bond issuance surpassed 10 trillion yuan for the first time. According to data from the Enterprise Warning Notice, in the first 10 months of this year, Jiangsu issued more than 700 billion yuan of local bonds, ranking first in the country; Guangdong ranked second with more than 600 billion yuan in debt issuance, Shandong ranked third; Sichuan, Zhejiang, and Henan all ranked fourth to sixth in terms of issuance of local bonds exceeding 400 billion yuan.

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