The second half of the article on the intensive issuance of refinancing special bonds by central and local governments to effectively transform bonds

On February 19th, since the beginning of this year, the work of replacing existing implicit debts has been rapidly advancing. As of February 17th, nearly 800 billion yuan of refinancing special bonds have been issued or planned to be issued in various regions to replace existing implicit debts. Industry insiders analyze that, with positive progress in the early stage of debt conversion work, the central and local governments will focus on the “second half” of policy implementation this year, including strict prevention of new implicit debts, reducing the number of financing platforms, and promoting the market-oriented transformation of platforms. (China Securities Journal)