Can land reserve bonds be repaid in advance

When should local government bonds be issued?

Effective investment needs to be expanded. All special local government bonds in this year’s quota must be issued by the end of September and disbursed to projects by the end of October. Local governments will be urged to ensure that these projects generate activities in the real economy as quickly as possible.

How will China's new special bonds help reduce government debt?

Starting from 2024, the central government will arrange 800 billion yuan from the newly added local government special bonds every year for five consecutive years to supplement government fund financial resources, specifically for debt reduction.

How much Yuan has a provincial government issued refinancing bonds?

[Photo/Sipa] As of Dec 5, 23 provincial-level regions had issued refinancing bonds, with a total issuance of 145.95 billion yuan ($20.05 billion), accounting for 73 percent of the 2024 issuance quota. That's part of the series of policies the central authorities have recently rolled out to help local governments prevent impending debt crises.