National Development and Reform Commission: An additional 200 billion yuan of special bonds will be issued specifically to support investment and construction in some provinces.

On October 31, Li Chao, Deputy Director of the Policy Research Office of the National Development and Reform Commission, stated at a press conference that recently, a limit of 500 billion yuan has been set for the remaining balance of local government debts, which will be used to supplement the comprehensive financial resources of local governments and expand effective investment. Among them, there is an additional quota of 200 billion yuan for special bonds, specifically for supporting investment and construction in some provinces. The National Development and Reform Commission will supervise and guide the relevant provinces in using the new quota effectively, accelerating the issuance and use of special bonds, and pushing forward the start of project construction to quickly generate actual work results.