In addition to the "two new things", special bonds are also an "integration" of the policy efforts to build momentum at the beginning of the year. Although the scale of new special bond issuance in the first quarter that has been disclosed is "insignificant", this may only be temporary. We can focus on observing whether the actual issuance of special bonds will accelerate after Trump officially takes office. In particular, among the ten pilot areas for the "selfreview and selfissuance" of special bonds, only four have disclosed their firstquarter bond issuance plans . If local governments are more proactive in issuing bonds, the actual issuance scale of special bonds in the first quarter may be larger.
Risk warning: data statistics are incomplete; future policies macedonia phone number list are not as expected; changes in overseas situations are beyond expectations.
Securities Research Report : Comments on Policy Dynamics:
Release date: January ,
Report written by: Tao Chuan SAC No. S , Zhong Yumei SAC No. S
Ashare closing review: Shanghai Composite Index fell ., points were lost and regained, consumption and AI glasses fell across the board
Today, the three major Ashare indices continued to weaken, all recording four consecutive daily declines.
As of the closing, the Shanghai Composite Index fell . to points, and once fell below points during the session. The Shenzhen Component Index fell ., and the ChiNext Index fell.