citic sec stated that the medium-term note issuance by china reform and development and china national materials is the largest scale in recent years for enterprises to conduct project investments in the "two重" and "two新" fields through direct financing via bonds, providing a demonstration effect. In the future, central state-owned enterprises can expand investments and achieve the goal of stabilizing the economy through bonds or diversified financing methods. Funding support for stable growth projects is through bond financing rather than loans, and such financing-investment initiatives are market-oriented behaviors that do not occupy deficit scale, also responding to the call to increase the proportion of direct financing in the market.