Recently, the General Office of the State Council issued the "Opinions on Optimizing and Improving the Management Mechanism of Local Government Special ​Bonds" (hereinafter referred to as the "Opinions"). The "Opinions" aim to better leverage the positive roles of special ​Bonds in strengthening infrastructure, addressing shortcomings, benefiting people's livelihoods, and expanding investments, proposing 17 measures in 7 areas. Among them, a pilot project for "self-review and self-initiated" special ​Bonds is carried out, delegating project review authority to provincial-level governments in 10 provinces and Xiong'an New Area, which will approve the project list of their respective regions. The list of pilot regions for the "self-review and self-initiated" local government special ​Bonds projects is as follows: 1. Provinces: Peking, Shanghai, Jiangsu, Zhejiang (including Ningbo), Anhui, Fujian (including Xiamen), ShanDong (including Qingdao), Hunan, Guangdong (including Shenzhen), Sichuan. 2. Significant strategic areas of the country: Hebei Xiong'an New Area.