In 2022 launched a local bond issuance trillions of money if necessary infrastructure

the prelude to local government debt issued in 2022.Experts predict that 2022 will be issued one hundred million yuan tens of thousands of local government debt scale, including special debt scale is expected to be flat or slightly increased with last year, and the rhythm is more pre - 2021, to better support infrastructure investment growth.

departments of henan province on January 7, disclosure of information display, will be released on January 13, the tender in 2022 in henan province government special bonds (1 to 9), opened the prelude of the local government debt issued in 2022.This batch of local government debt are the new special bonds, scale amounted to 38.201 billion yuan, respectively to urban and rural development, the social undertaking, such as PengGai direction.Among them, 17.987 billion yuan in urban and rural development, to 6.541 billion yuan, social programs to PengGai 13.673 billion yuan.

departments in hubei province also disclosed on January 7, will be released on January 14, 2022 in hubei province government general bonds (one to three phase), are the new bonds.The two-year plan to issue 5.52 billion yuan, seven-year plan to issue 7.36 billion yuan, a 15-year plan to issue 5.52 billion yuan, plan to issue the total face value of 18.4 billion yuan.

in addition, many (including the provinces, autonomous regions and municipalities directly under the central government and cities under separate state planning) also disclosed the local government debt issuance programme in the first quarter, many places disclosed on January issue of new bonds.

as of January 7 (no disclosure of January 8, 9), bond information network in China around the disclosure of information display, zhejiang, shaanxi, shanxi, shandong, jiangxi, jiangsu, hebei, guizhou, gansu, fujian, xiamen, ningbo, dalian and other places have been reported first-quarter local government debt issuance programme.Among them, the xiamen clear plans on January 9 solstice issued on January 15, the first batch of new local government debt.In addition to ningbo, guizhou, gansu, these areas are planned in the January issue of local government debt.

according to zhongtai chief fixed-income securities analyst Zhou Yue statistics, as of January 7, the disclosure will be released in January to march around the total local government debt amounted to 862.4 billion yuan.Which plans to issue 282 billion yuan in January and February of 314.7 billion yuan, 265.7 billion yuan in March.

the sheng Yang Yewei chief fixed-income securities analyst said that the plan has been released from the region, is expected in the first quarter of 2022 local government debt issuance in 1 trillion yuan.

special local government bonds are important sources of funds for the local construction projects, to expand the effective investment plays an important role.Compared with 2021, 2022 additional targeted issuance time ahead, 2021 additional targeted issuance starting time for march.

the Treasury has said, will continue to strengthen supervision, to promote early issued amount issued in the first quarter of 2022, to stabilize the macroeconomic market to provide strong support.

, citic securities chief economist ZhuJianFang said special debt issued 1.46 trillion yuan in advance, do not rule out and the second batch of "group" in advance.Combination of November to December, 2021 special bonds investment amount, about one trillion yuan of special debt capital spending in the first quarter of 2022.Infrastructure investment in the first quarter is expected to achieve 7% single-digit growth, in 2022, the year infrastructure growth will be 6.5% of bright eye.

for special bonds to field, Yang Yewei thinks, special proportion debt money into infrastructure will be trending up, increase the "difference" key projects and support for the construction of affordable housing.Steady growth pressure, special the proportion of debt to capital construction is expected to rise slightly, including cold chain logistics, municipal and industrial park in urban and rural areas, and incorporated into the "difference" planning of major projects, etc.Is expected in 2022 the local government bonds in infrastructure funds will increase from 2021, about 352.5 billion yuan, this will directly pull the infrastructure investment growth of about 1.9%.