Expand into new fields, special bonds injected into government investment funds in multiple regions.

According to the statistical data from Orient Securities, as of now, 27 provinces in China have disclosed their local government bond issuance plans for September, with a total planned issuance of approximately 777.1 billion yuan, including a planned issuance of 460.1 billion yuan for special bonds. It is worth noting that many regions plan to expand the use of special bonds to government investment funds. Industry insiders believe that this is an innovative attempt by fiscal funds, which may help improve the efficiency of special bond fund utilization, broaden the funding sources for government investment funds, and better support local industrial upgrading.