On April 7th, as of April 5th, the issuance of local government bonds this year has exceeded 2.84 trillion yuan, setting a new historical high for the same period. Among them, the issuance scale of local refinancing special bonds used to replace implicit debts has reached nearly 70% of the annual quota. Experts say that since the beginning of this year, the issuance of local bonds has shown characteristics such as large scale, fast progress, and wide coverage, and the progress of issuance and use is significantly faster than in previous years. The subsequent increase in local government bond supply may gradually increase, and it is expected to reach the peak of supply within the year in the second quarter.
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