At a press conference held today, a relevant official from the Ministry of Finance provided an overview, stating that in the first half of the year, all regions have strengthened the management of issuing and utilizing special-purpose bonds, leading to a sustained release of their policy effects.

Zhao Zeyong, Deputy Director of the Debt Management Department at the Ministry of Finance, noted that the issuance of local government bonds in the first half of this year has been generally stable, with a more focused allocation of funds. New special-purpose bonds amounting to 2.07 trillion yuan were issued, primarily directed towards key areas such as municipal and industrial park infrastructure, transportation infrastructure, urban renewal, and social services. This has effectively secured the funding requirements for major projects and critical sectors.

The Ministry of Finance official further explained that the ministry is intensifying the end-to-end supervision of special bond funds. A comprehensive, scanning-style review of the utilization of these funds is being conducted, with firm actions taken against any violations.

Zhao Zeyong, Deputy Director of the Debt Management Department, outlined the next steps, stating that the Ministry of Finance will guide and urge local governments to further enhance the closed-loop management of special bonds, encompassing the processes of borrowing, using, managing, and repaying. This will involve better coordinating fund usage with project construction, accelerating the pace of fund allocation and utilization to swiftly generate physical work output. Strict enforcement of the "negative list" management approach will be maintained, along with ensuring the proper collection of project operation revenues to effectively improve debt repayment capacity.