Steady investment continues to exert more than 500 billion yuan in special debt deposit limit issued on the issue

The issuance of more than 500 billion yuan of special debt deposits is about to begin. On September 27, Liaoning Province will be the first to issue 6.7 billion yuan. According to information statistics from the China Bond Information Network and the Finance Department of China and local financial departments, "Securities Daily" reported that as of September 25, Guizhou, Jilin, Shaanxi and other places announced the government bond issuance plan in September, October and the fourth quarter. The total scale of debt issuance reached 323.239 billion yuan.

Zhang Yiqun, deputy chairman of the Performance Management Commission of the Chinese Finance Society, told a reporter from the Securities Daily that this year, the increase in government investment, actively raising investment funds, and continuous expansion of the scale of special bonds are the top priority of steady economy and stable growth. This Activating the special debt deposit limit in accordance with the law can effectively form a bond investment increase, maintain the sustainable investment scale, will support the subsequent government increased investment to form a strong support, consolidate the trend of recovering the economy.

According to the issuance time, in the above 19, Liaoning, Shanghai, and Tianjin planned to issue new special debt in September, and other regions planned to issue it in October.

According to the Liaoning Provincial Government Bond Issuance Plan in September, Liaoning Province plans to issue 6.7 billion yuan of special bonds on September 27 to invest in infrastructure fields and shed reform. The amount comes from the special debt limits that the State Council revitalized in accordance with the law in accordance with the law, with a total amount of more than 500 billion yuan, of which 70%were retained by localities, 30%were allocated by the central government and tilted to the regions with many mature projects. Immediately after, Tianjin will issue a special debt of 1.289 billion yuan on September 28.

Chen Yucheng, a senior investment consultant of Jufeng Investment Consulting, told the Securities Daily that more than 500 billion yuan of local deposit special bonds will play an important role in driving effective investment and stabilizing the macroeconomic market to promote the rise of economic recovery in the fourth quarter.

The reporter noticed that recently, the Department of Finance in many places has disclosed the local debt quota obtained. For example, on September 23, the Sichuan Provincial Department of Finance issued a news that it would make good use of the national use of special bonds to issue special bond policies, accelerate the use of special bonds for new special bonds of 35.6 billion yuan, and strive to be issued in mid -October. As of the end of August, Sichuan Province added 188.2 billion yuan in special bond funds in Sichuan Province in 2022, which was basically used for 1896 major projects such as the Wan Railway and Xiangjiaba irrigation district. It is expected that the effective investment will invest more than 500 billion yuan.

On the same day, the Fujian Provincial Department of Finance announced that recently, the Ministry of Finance has issued a new government debt limit of 164 billion yuan in Fujian Province this year, and once again increased the amount of special bonds in Fujian Province 35.9 billion yuan, which is used to support investment promotion and investment, and Make up shortcoming project construction.

According to Chen Yucheng's calculations, the issuance of more than 500 billion yuan of special bonds will provide about 3.8 percentage points of support for the completion of the budget expenditure of local government funds throughout the year; calculate at the infrastructure at a proportion of 40%, it is expected that the growth rate of infrastructure investment will be pulled throughout the year. 1.1 percentage point.

From the perspective of Xie Qinqin, a senior investment consultant of Jufeng Investment Consultants, this round of new issuance of special debt will be invested in more solid and mature projects. It can be ensured that the funds can be quickly put into use once it is issued. Workload.

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