# special bonds
Latest news and articles about special bonds
Total: 4 articles found
Beijing Sets Modest Growth Target, Boosts Long-Term Bonds and AI Push in Li Qiang’s Government Work Report
Premier Li Qiang set a 2026 GDP target of 4.5–5 percent and outlined expanded fiscal support including a c.5.89 trillion yuan deficit and 1.3 trillion yuan of ultra-long special bonds. The government paired modest growth ambitions with a five-year plan emphasising AI, infrastructure, carbon-intensity cuts and tighter market governance.
China Advances Local Bond Quotas: Guangdong Leads as Provinces Ready 2.4 Trillion Yuan for Early Issuance
Nineteen Chinese provinces have revealed advance allocations of next year’s local government borrowing limits totalling about 2.4 trillion yuan, with Guangdong receiving the largest share. The advance quotas — dominated by special-purpose bonds and often re-lent by provinces to cities and counties — are meant to speed infrastructure financing and stabilise investment, but they raise questions about transparency and contingent debt risks.
China’s Local Governments Rapidly Tap Bond Markets to Fund Projects and Refinance Hidden Debt
Chinese local governments have issued more than RMB 2 trillion in bonds by late February as Beijing leans on fiscal tools to spur infrastructure and social projects and to replace implicit local liabilities. About half of the issuance is refinancing aimed at swapping hidden debt into formal bonds, while new special‑purpose bonds are being prioritised for on‑the‑ground investment.
Three Briefings, One Signal: Beijing Mobilises Policy Tools to Stabilise China’s Housing Market
On 20 January 2026 Beijing issued a trio of policy signals — income-support planning from the NDRC, a pledge of more expansive fiscal spending from the Finance Ministry, and new urban-renewal measures from the Ministry of Natural Resources — that together amount to a coordinated boost for the real-estate sector. The package signals a strategic pivot from short-term stimulus toward building household purchasing power and accelerating redevelopment as levers for stabilising growth and consumption.