Local Bond Issuance Hits 5.87 Trillion Yuan in H1 2026, Setting Record High

According to Jin10, local bond issuance in the first half of 2026 reached 5.87 trillion yuan, breaking the record for the same period. The surge reflects accelerated special bond issuance as debt replacement efforts near completion.

Meanwhile, China's Commerce Ministry and eight other government departments announced support for qualified retail enterprises to list on exchanges and issue asset-backed securities and commercial REITs, expanding financing channels for the retail sector.

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