[SMM Steel Market Morning News] H1 new special bond issuance reached 2.07 trillion yuan, with issuance progress at about 47%.

In H1 this year, new special bonds worth 2.07 trillion yuan were issued, with the issuance progress at about 47%. The funds were mainly used for key areas such as municipal and industrial park infrastructure, transport infrastructure, urban renewal, and social programs, effectively meeting the funding needs of major projects in key areas. Special bonds used as project capital exceeded 170 billion yuan, better leveraging the role of government investment to produce a multiplier effect.

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