Ministry of Finance: Improve the "negative list" of target areas for special bonds, and appropriately adjust the scope of the pilot project of "self-examination and self-issuance" for special bond projects.

Xinhua News Agency is authorized to release the "Report on the Implementation of Central and Local Budgets in 2025 and the Draft Central and Local Budgets for 2026". The "Report" points out the importance of expanding effective investment. It calls for the coordinated use of funds from ultra-long-term special national bonds, special bonds, and investments within the central budget to focus on key areas such as new productive forces, new urbanization, and comprehensive human development, in order to improve the quality and efficiency of investments. It allocates 800 billion yuan of ultra-long-term special national bond funds for "dual construction", adhering to a top-down approach and emphasizing a combination of hardware and software. It also appropriately raises the standards for central investment subsidies in order to better reflect the national strategic intentions.