Special bonds related to real estate have grown significantly, and it is expected that subsequent supporting policies in finance, taxation, and other aspects will continue to be perfected and implemented.

In the first quarter, fiscal policy made significant efforts, and the issuance of local government special bonds accelerated. Among them, the issuance of special bonds related to real estate saw a large increase year-on-year, and the scale of issuance of special bonds related to urban renewal has already reached one-third of the total for the previous year. Industry insiders believe that local government special bonds continue to provide key financial support for urban renewal, destocking of real estate, and other key tasks in various regions. It is expected that further supporting policies in finance, taxation, and other areas will be improved and implemented, and the issuance of special bonds in related fields is also expected to accelerate and expand.