Deputy Minister Wang Dongwei of the Ministry of Finance stated at a recent press conference of the State Council Information Office that the next focus of special bonds will be to research expanding the scope of special bond usage and improving management mechanisms. In terms of expanding the scope, first, it is to improve the management of the special bond investment list, increase the use in project capital areas, and second, to effectively use special bonds to support the purchase of existing commercial housing for use in affordable housing. Third, to support forward-looking and strategic emerging industries.

Wang Dongwei mentioned that since 2020, a total of 18.7 trillion RMB in new special bonds have been arranged, supporting approximately 0.13 million government investment projects; in 2024, 3.9 trillion RMB in special bonds will be arranged, the largest scale in history. On one hand, the focus is on better leveraging the driving role of government investment, carefully organizing the allocation, issuance, and use of special bonds, increasing support for economically developed provinces through special bonds, directing quota allocations towards regions with fully prepared projects and high investment efficiency, and supporting project construction in economically developed provinces; on the other hand, rationally allocating quotas of special bonds to other regions, promoting the completion of projects under construction and the implementation of national major strategic projects. By the end of September, local governments have issued a total of 3.6 trillion RMB in new special bonds.