According to Jinshi Data, in order to stabilize investment and economy, local governments have recently accelerated the issuance of bonds to invest in major projects. In September, the country issued about 1.3 trillion yuan of local government bonds and the net financing amount was about 1.1 trillion yuan, both of which hit a single-month high this year. In the first three quarters of this year, the country issued about 6.7 trillion yuan of local government bonds, of which about 4.2 trillion yuan were new bonds and about 2.5 trillion yuan were refinancing bonds. Since the local government's new bond quota this year is 4.62 trillion yuan, and about 4.2 trillion yuan has been actually issued, the issuance of new bonds is nearing the end, with only 0.4 trillion yuan left to be issued, and the issuance of new bonds has surpassed last year. Recently, the State Council's executive meeting proposed to study and deploy the implementation of a package of incremental policies. With the introduction and implementation of financial incremental policies such as reserve requirement ratio cuts and interest rate cuts, future fiscal incremental policies have received widespread attention from the market. At present, many experts suggest considering issuing more treasury bonds, special treasury bonds, and revitalizing special bond quotas to moderately expand fiscal spending to stabilize the economy.