Special bond funds will exceed 80 billion yuan, supporting scientific and technological self-reliance.

According to the information publicly released by various local finance departments on November 21st, the Guangdong Provincial Department of Finance will issue 100 billion yuan of 30-year local government special bonds on November 28th, which will be invested in the Guangdong Provincial Government Investment Fund. The Sichuan Provincial Department of Finance will issue 50 billion yuan of 15-year special bonds on the 28th, which will be invested in the Chengdu City Venture Investment Fund. The Shanghai Municipal Finance Bureau will issue 30 billion yuan of 15-year special bonds and 20 billion yuan of 20-year special bonds on the 28th, which will be respectively invested in the Shanghai Future Industry Fund and Pudong Innovation Fund. This means that on the 28th, local governments will issue a total of 200 billion yuan of special bonds to invest in government investment funds. Prior to this, Beijing, Jiangsu, Guangzhou, Zhejiang, Ningbo, Shaanxi, Shanghai, Anhui, Hubei, and Shenzhen have issued a total of 625.2 billion yuan of special bonds to invest in government investment funds. Therefore, the total scale of local government special bonds invested in government investment funds disclosed will reach 825.2 billion yuan.