【Metaverse News】The first green bond in China to collect funds through digital RMB has been officially issued

In recent years, the Chinese government has become increasingly strict in the management and supervision of local bonds, aiming to promote economic development and optimize debt structure. The government plans to issue a large number of green bonds to support photovoltaic projects and infrastructure construction. Recently, the first green bond in China, 23 Tin Industry GN010, independently undertaken by Ningbo Bank, was successfully issued in the interbank bond market, which has attracted widespread attention.

The issuer of this bond is Wuxi Industrial Development Group Co., Ltd., with an issuance scale of 100 million yuan and a term of 2 years. The raised funds will be fully used to repay the bank loans generated by the expansion of the subsidiary's photovoltaic project. The coupon rate of the bond issuance is 2.6%, setting a new low for the same period restricted bonds in the province since the beginning of this year, indicating the high recognition of Wuxi Industrial Group and the current bond by investors.

In addition to green bonds, the government also plans to issue special bonds to support local economic development. For example, five provinces and regions, including Shandong and Hubei, have disclosed their latest plans for local bond issuance, and some places have postponed their July issuance plans to August. The trend of accelerating the issuance of government bonds can undoubtedly effectively improve the problem of stable growth funding sources in the third quarter. However, this also brings some issues, such as whether the management and supervision of local bond issuance are strict enough, and how to balance the relationship between economic growth and debt security.

Some people believe that the government's measures are conducive to promoting economic development and optimizing debt structure in response to this incident, but others are concerned that there may be some issues with the issuance and management of local bonds. For example, how to ensure the transparency and standardization of local bonds, and how to avoid risks caused by excessive debt accumulation.

In this regard, the government needs to further strengthen the supervision and management of local bonds, ensure the transparency and standardization of debt, and avoid risks caused by excessive accumulation of debt. At the same time, it is also necessary to balance the relationship between economic growth and debt security to ensure stable economic development.

In short, the issuance and management of local bonds is a complex issue that requires the government to strengthen supervision and management while ensuring economic growth, ensuring the safety and stability of debt. Only in this way can we achieve long-term stable economic development.