According to the “Henan Release”, Henan Province successfully issued 66.556 billion yuan of government bonds in Beijing on August 25. General bonds of $5.425 billion were added for infrastructure project construction. A special bond of RMB 40.203 billion was added, of which RMB 11.338 billion was used to supplement the financial resources of local government funds; RMB 16.859 billion was used for existing government investment projects; and RMB 12.06 billion was used for 162 construction projects in key areas such as municipal and industrial park infrastructure, affordable housing projects, ecology and environmental protection. General bonds were refunded at $15.968 billion to repay part of the principal amount of maturing bonds. Refinance special bonds of 4.96 billion yuan to replace existing hidden debts.

According to the “Henan Release”, Henan Province successfully issued 66.556 billion yuan of government bonds in Beijing on August 25. General bonds of $5.425 billion were added for infrastructure project construction. A special bond of RMB 40.203 billion was added, of which RMB 11.338 billion was used to supplement the financial resources of local government funds; RMB 16.859 billion was used for existing government investment projects; and RMB 12.06 billion was used for 162 construction projects in key areas such as municipal and industrial park infrastructure, affordable housing projects, ecology and environmental protection. General bonds were refunded at $15.968 billion to repay part of the principal amount of maturing bonds. Refinance special bonds of 4.96 billion yuan to replace existing hidden debts.