The quality and quantity are expected to increase simultaneously in the issuance of local government bonds in June.

In the first 5 months of this year, local government bond issuance has delivered a report card of "both quantity and quality rising". From January to May, the cumulative issuance of local government bonds nationwide reached 4.722 trillion yuan, an increase of over 9% year-on-year, reflecting a more proactive fiscal policy. The issuance of new special bonds is supported by multiple favorable policies such as "self-regulation and self-initiative", with over 70% of the funds being invested in infrastructure and project construction. In June, experts expect that local government bond issuance will increase significantly.