Middle Finger Research Institute: Special bonds for land acquisition have been issued more than 150 billion yuan, accounting for 27% of the planned total amount.
According to the Zhizhong Financial APP, it has learned that reclaiming and repurchasing idle land inventory is an important focus of the central and local governments' destocking efforts this year. During this period, the supporting policies have been continuously improved, and new progress has been made in reclaiming and repurchasing idle land inventory with special bonds. According to the monitoring by the China Index, as of August 18th, the number of public announcements of the use of special bonds to reclaim and repurchase idle land inventory in various regions has exceeded 4300, with planned reclaimed land area exceeding 2.2 billion square meters. Many provinces and cities have already issued or are planning to issue corresponding special bonds totaling over 150 billion yuan.
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