This year, more than half of the new special bond issuances have been completed, and the third quarter has entered a peak period of supply.

As of July 22, the total amount of new special bonds issued nationwide this year has reached 2.2473 trillion yuan, with an issuance progress reaching 51%. "The issuance progress of new special bonds this year has surpassed half. In the first quarter, there was a strong push, while the pace slowed down in the second quarter, but it started to pick up significantly in June," said Zhu Hualei, senior investment advisor at Shaanxi Jufeng Investment Information Co., Ltd. In general, the total planned issuance of local bonds in August by various regions is 1.1075 trillion yuan, with new special bonds accounting for 628.9 billion yuan. In the third quarter, the total planned issuance of local bonds by various regions is 2.5418 trillion yuan, with new special bonds accounting for 1.3726 trillion yuan.