Shanghai plans to issue an additional general bond of 23.1 billion yuan in 2025.

According to the new bond quota issued by the Ministry of Finance to Shanghai, Shanghai plans to issue a total of 23.1 billion yuan in new general bonds in 2025, of which: 12.7 billion yuan will be used at the municipal level, mainly for municipal basic infrastructure and infrastructure construction in the Lingang New Area; 10.4 billion yuan will be used at the district level for municipal roads, sewage treatment, social services, ecological environmental protection and other areas of infrastructure projects construction based on the actual situation in each district.