The General Office of the State Council issued the "Opinions on Optimizing and Improving the Management Mechanism of Local Government Special Bonds," which mentions implementing a "negative list" management for the areas of special Bonds investment. Projects with no returns, building venues, image projects, and performance projects, apart from affordable housing and land reserves, Real Estate Development, theme parks, and commercial facilities such as ancient towns (villages, streets) as well as general competitive industry projects are included in the "negative list" of special Bonds investment areas. Projects not included in the "negative list" can apply for special Bonds funds (see Attachment 1 for the "List of Prohibited Projects for Local Government Special Bonds"). Special Bonds shall not be used for regular expenditures, and it is strictly prohibited to use them for paying salaries, pensions, and covering unit operational expenses or debt interest.
国办：实行专项债券投向领域“负面清单”管理
The State Council Office: Implement a "negative list" management for the areas of special Bonds investment.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
