China local government bonds by province
China local government bond issuance by province, reported monthly by the Ministry of Finance.
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| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 11-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | 08-2023 | 07-2023 | 06-2023 | 04-2023 | |
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| Beijing: local government bond issuance4 | 500 | 0 | 547 | 0 | 160 | 147 | 453 | 131 | 260 | 275 | 42 | 0 | 134 | 195 | 1,230 | 0 | 258 | 0 | 564 | 623 | 0 | 544 | 136 | 245 | 467 | 0 | 258 | 168 | 99 | 219 | 0 | 11 | 0 | 47 | 184 | 770 | 12 | |
| Beijing: new bonds issued | 269 | 0 | 58 | 0 | 160 | 0 | 453 | 0 | 145 | 0 | 0 | 0 | 2 | 0 | 740 | 0 | 41 | 0 | 564 | 69 | 0 | 544 | 75 | 0 | 85 | 0 | 222 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 685 | 0 | |
| Beijing: refinancing bonds issued | 230 | 0 | 488 | 0 | 0 | 147 | 0 | 131 | 115 | 275 | 42 | 0 | 132 | 195 | 490 | 0 | 217 | 0 | 0 | 554 | 0 | 0 | 61 | 245 | 382 | 0 | 36 | 168 | 99 | 219 | 0 | 11 | 0 | 47 | 184 | 85 | 12 | |
| Beijing: principal repaid | 318 | 140 | 484 | 0 | 56 | 147 | 164 | 228 | 119 | 63 | 39 | 273 | 182 | 441 | 103 | 192 | 0 | 172 | 31 | 0 | 110 | 487 | 199 | 16 | 91 | 93 | 329 | 32 | 4 | 105 | 232 | 20 | 120 | 12 | ||||
| Beijing: interest paid | 36 | 26 | 72 | 6 | 23 | 18 | 36 | 64 | 9 | 13 | 14 | 39 | 27 | 65 | 9 | 25 | 18 | 33 | 10 | 5 | 40 | 38 | 61 | 10 | 21 | 12 | 67 | 11 | 10 | 9 | 45 | 35 | 49 | 21 | ||||
| Tianjin: local government bond issuance4 | 167 | 196 | 0 | 421 | 398 | 158 | 179 | 0 | 289 | 0 | 93 | 178 | 232 | 219 | 434 | 0 | 196 | 321 | 47 | 405 | 195 | 368 | 529 | 0 | 117 | 614 | 308 | 215 | 240 | 167 | 1,109 | 1,058 | 210 | 49 | 436 | 37 | 0 | |
| Tianjin: new bonds issued | 119 | 40 | 0 | 18 | 24 | 0.3 | 90 | 0 | 239 | 0 | 8 | 178 | 232 | 0 | 127 | 0 | 1 | 149 | 0 | 0 | 0 | 368 | 252 | 0 | 30 | 95 | 0 | 0 | 0 | 167 | 612 | 110 | 140 | 49 | 10 | 37 | 0 | |
| Tianjin: refinancing bonds issued | 48 | 156 | 0 | 403 | 374 | 158 | 89 | 0 | 50 | 0 | 85 | 0 | 0 | 219 | 308 | 0 | 196 | 172 | 47 | 405 | 195 | 0 | 278 | 0 | 87 | 519 | 308 | 215 | 240 | 0 | 498 | 948 | 69 | 0 | 425 | 0 | 0 | |
| Tianjin: principal repaid | 105 | 0 | 201 | 17 | 0 | 191 | 2 | 5 | 50 | 51 | 0 | 239 | 50 | 79 | 129 | 68 | 12 | 16 | 123 | 66 | 243 | 100 | 288 | 322 | 0 | 13 | 143 | 17 | 69 | 50 | 395 | 0 | 384 | 0 | ||||
| Tianjin: interest paid | 44 | 28 | 43 | 46 | 30 | 32 | 28 | 42 | 40 | 40 | 15 | 46 | 26 | 39 | 49 | 29 | 26 | 27 | 40 | 12 | 43 | 25 | 37 | 48 | 19 | 18 | 31 | 17 | 16 | 8 | 57 | 14 | 50 | 12 | ||||
| Hebei: local government bond issuance4 | 569 | 70 | 555 | 387 | 151 | 474 | 1,162 | 88 | 41 | 320 | 475 | 517 | 678 | 24 | 849 | 52 | 0 | 422 | 620 | 97 | 281 | 581 | 161 | 205 | 676 | 490 | 80 | 53 | 75 | 60 | 0 | 339 | 95 | 1,061 | 171 | 409 | 444 | |
| Hebei: new bonds issued | 286 | 0 | 499 | 264 | 60 | 0 | 784 | 0 | 0 | 320 | 284 | 150 | 484 | 0 | 689 | 20 | 0 | 88 | 590 | 82 | 0 | 468 | 103 | 205 | 576 | 135 | 27 | 9 | 67 | 0 | 0 | 62 | 95 | 723 | 0 | 236 | 262 | |
| Hebei: refinancing bonds issued | 283 | 70 | 56 | 123 | 91 | 474 | 378 | 88 | 41 | 0 | 191 | 367 | 194 | 24 | 160 | 32 | 0 | 334 | 30 | 15 | 281 | 113 | 58 | 0 | 100 | 355 | 54 | 45 | 8 | 60 | 0 | 277 | 0 | 338 | 171 | 173 | 182 | |
| Hebei: principal repaid | 268 | 44 | 71 | 88 | 380 | 274 | 151 | 65 | 59 | 29 | 387 | 259 | 68 | 137 | 17 | 21 | 71 | 4 | 20 | 120 | 64 | 112 | 390 | 59 | 11 | 209 | 60 | 0 | 0 | 193 | 226 | 149 | 365 | 221 | ||||
| Hebei: interest paid | 88 | 39 | 53 | 69 | 53 | 74 | 73 | 51 | 52 | 53 | 75 | 77 | 40 | 47 | 66 | 49 | 67 | 60 | 52 | 68 | 71 | 31 | 58 | 62 | 46 | 67 | 43 | 46 | 42 | 61 | 63 | 28 | 67 | 45 | ||||
| Shanxi: local government bond issuance4 | 202 | 97 | 390 | 62 | 224 | 62 | 492 | 0 | 180 | 185 | 24 | 205 | 239 | 126 | 107 | 125 | 0 | 86 | 639 | 0 | 43 | 152 | 249 | 326 | 130 | 147 | 139 | 111 | 19 | 0 | 136 | 67 | 279 | 42 | 0 | 129 | 73 | |
| Shanxi: new bonds issued | 113 | 97 | 280 | 62 | 43 | 55 | 118 | 0 | 10 | 0 | 24 | 205 | 201 | 64 | 62 | 73 | 0 | 4 | 254 | 0 | 0 | 114 | 166 | 275 | 0 | 147 | 41 | 69 | 19 | 0 | 16 | 16 | 214 | 42 | 0 | 42 | 0 | |
| Shanxi: refinancing bonds issued | 90 | 0 | 110 | 0 | 181 | 7 | 374 | 0 | 170 | 185 | 0 | 0 | 38 | 62 | 45 | 51 | 0 | 82 | 385 | 0 | 43 | 38 | 83 | 50 | 130 | 0 | 98 | 42 | 0 | 0 | 121 | 51 | 66 | 0 | 0 | 87 | 73 | |
| Shanxi: principal repaid | 90 | 18 | 153 | 19 | 214 | 0 | 47 | 36 | 204 | 0 | 32 | 20 | 68 | 48 | 5 | 50 | 60 | 29 | 7 | 47 | 71 | 48 | 153 | 0 | 78 | 49 | 7 | 142 | 24 | 47 | 26 | 57 | 40 | 131 | ||||
| Shanxi: interest paid | 32 | 18 | 35 | 20 | 25 | 27 | 26 | 25 | 24 | 11 | 22 | 25 | 19 | 33 | 20 | 27 | 24 | 18 | 23 | 22 | 18 | 17 | 31 | 20 | 25 | 21 | 17 | 23 | 12 | 20 | 18 | 16 | 32 | 21 | ||||
| Inner Mongolia: local government bond issuance4 | 94 | 0 | 589 | 327 | 117 | 785 | 0 | 0 | 105 | 144 | 44 | 194 | 572 | 234 | 161 | 55 | 251 | 194 | 649 | 0 | 13 | 93 | 236 | 137 | 0 | 83 | 242 | 166 | 94 | 70 | 42 | 1,208 | 106 | 96 | 186 | 359 | 177 | |
| Inner Mongolia: new bonds issued | 0 | 0 | 109 | 119 | 0 | 0 | 0 | 0 | 1 | 50 | 44 | 0 | 126 | 165 | 0 | 55 | 0 | 194 | 0 | 0 | 0 | 0 | 225 | 30 | 0 | 18 | 216 | 0 | 0 | 18 | 0 | 20 | 45 | 51 | 186 | 0 | 45 | |
| Inner Mongolia: refinancing bonds issued | 94 | 0 | 481 | 208 | 117 | 785 | 0 | 0 | 104 | 94 | 0 | 194 | 446 | 69 | 161 | 0 | 251 | 0 | 649 | 0 | 13 | 93 | 11 | 107 | 0 | 64 | 25 | 166 | 94 | 52 | 42 | 1,188 | 61 | 45 | 0 | 359 | 132 | |
| Inner Mongolia: principal repaid | 107 | 1 | 524 | 327 | 45 | 252 | 0 | 32 | 77 | 230 | 374 | 115 | 74 | 181 | 282 | 0 | 85 | 0 | 11 | 104 | 13 | 122 | 0 | 71 | 42 | 311 | 54 | 43 | 121 | 103 | 56 | 44 | 319 | 0 | ||||
| Inner Mongolia: interest paid | 41 | 19 | 37 | 33 | 22 | 36 | 35 | 25 | 24 | 62 | 39 | 40 | 18 | 40 | 40 | 21 | 38 | 22 | 24 | 39 | 30 | 20 | 33 | 39 | 21 | 44 | 17 | 21 | 32 | 39 | 30 | 18 | 34 | 18 | ||||
| Liaoning: local government bond issuance4 | 118 | 0 | 667 | 156 | 168 | 221 | 604 | 256 | 111 | 390 | 84 | 166 | 328 | 415 | 182 | 215 | 266 | 706 | 148 | 0 | 608 | 199 | 298 | 223 | 10 | 140 | 177 | 315 | 11 | 37 | 10 | 1,446 | 70 | 114 | 332 | 224 | 550 | |
| Liaoning: new bonds issued | 72 | 0 | 276 | 34 | 0 | 118 | 144 | 0 | 111 | 73 | 28 | 104 | 193 | 226 | 22 | 0 | 45 | 54 | 98 | 0 | 0 | 199 | 0 | 159 | 10 | 24 | 0 | 0 | 11 | 37 | 10 | 50 | 11 | 92 | 40 | 102 | 400 | |
| Liaoning: refinancing bonds issued | 46 | 0 | 390 | 123 | 168 | 103 | 460 | 256 | 0 | 316 | 55 | 63 | 134 | 189 | 160 | 215 | 221 | 652 | 50 | 0 | 608 | 0 | 298 | 64 | 0 | 117 | 177 | 315 | 0 | 0 | 0 | 1,396 | 60 | 22 | 292 | 122 | 150 | |
| Liaoning: principal repaid | 0 | 238 | 125 | 55 | 103 | 385 | 0 | 289 | 123 | 77 | 68 | 118 | 169 | 299 | 118 | 74 | 0 | 0 | 24 | 209 | 0 | 76 | 163 | 123 | 65 | 314 | 217 | 107 | 67 | 86 | 0 | 312 | 194 | 226 | ||||
| Liaoning: interest paid | 32 | 46 | 27 | 45 | 46 | 43 | 28 | 28 | 37 | 63 | 36 | 27 | 45 | 34 | 45 | 44 | 34 | 25 | 30 | 34 | 23 | 45 | 38 | 39 | 45 | 38 | 32 | 32 | 39 | 32 | 20 | 48 | 41 | 29 | ||||
| Jilin: local government bond issuance4 | 118 | 215 | 132 | 0 | 141 | 733 | 0 | 0 | 99 | 318 | 69 | 166 | 143 | 338 | 199 | 0 | 26 | 145 | 379 | 0 | 37 | 46 | 407 | 272 | 57 | 87 | 64 | 65 | 0 | 0 | 209 | 1,119 | 167 | 262 | 222 | 226 | 119 | |
| Jilin: new bonds issued | 71 | 147 | 53 | 0 | 95 | 94 | 0 | 0 | 56 | 189 | 69 | 140 | 123 | 260 | 33 | 0 | 16 | 145 | 32 | 0 | 23 | 30 | 289 | 128 | 53 | 87 | 0 | 0 | 0 | 0 | 7 | 213 | 167 | 119 | 222 | 46 | 7 | |
| Jilin: refinancing bonds issued | 47 | 68 | 79 | 0 | 46 | 639 | 0 | 0 | 43 | 129 | 0 | 27 | 20 | 78 | 166 | 0 | 10 | 0 | 346 | 0 | 14 | 16 | 117 | 143 | 5 | 0 | 64 | 65 | 0 | 0 | 202 | 906 | 0 | 143 | 0 | 180 | 112 | |
| Jilin: principal repaid | 49 | 73 | 86 | 0 | 237 | 97 | 0 | 0 | 144 | 0 | 29 | 80 | 4 | 169 | 3 | 7 | 0 | 0 | 0 | 18 | 119 | 158 | 5 | 0 | 65 | 73 | 0 | 0 | 229 | 0 | 144 | 0 | 181 | 113 | ||||
| Jilin: interest paid | 30 | 23 | 31 | 25 | 30 | 34 | 25 | 21 | 21 | 46 | 25 | 31 | 20 | 33 | 26 | 30 | 31 | 20 | 20 | 24 | 25 | 23 | 28 | 24 | 29 | 32 | 17 | 16 | 29 | 21 | 22 | 21 | 29 | 21 | ||||
| Heilongjiang: local government bond issuance4 | 159 | 298 | 60 | 0 | 444 | 226 | 0 | 0 | 23 | 127 | 41 | 162 | 125 | 254 | 274 | 59 | 539 | 169 | 0 | 0 | 514 | 462 | 135 | 0 | 187 | 0 | 195 | 83 | 0 | 18 | 325 | 315 | 0 | 193 | 396 | 0 | 90 | |
| Heilongjiang: new bonds issued | 149 | 226 | 51 | 0 | 0 | 226 | 0 | 0 | 23 | 26 | 41 | 162 | 0 | 101 | 187 | 0 | 37 | 155 | 0 | 0 | 12 | 462 | 0 | 0 | 187 | 0 | 0 | 0 | 0 | 18 | 325 | 12 | 0 | 12 | 154 | 0 | 90 | |
| Heilongjiang: refinancing bonds issued | 11 | 72 | 9 | 0 | 444 | 0 | 0 | 0 | 0 | 102 | 0 | 0 | 125 | 153 | 87 | 59 | 502 | 14 | 0 | 0 | 502 | 0 | 135 | 0 | 0 | 0 | 195 | 83 | 0 | 0 | 0 | 303 | 0 | 182 | 242 | 0 | 0 | |
| Heilongjiang: principal repaid | 12 | 79 | 8 | 1 | 147 | 0 | 0 | 0 | 63 | 0 | 0 | 135 | 165 | 102 | 60 | 20 | 14 | 0 | 20 | 75 | 74 | 0 | 0 | 107 | 186 | 0 | 0 | 0 | 0 | 0 | 194 | 243 | 132 | 264 | ||||
| Heilongjiang: interest paid | 19 | 22 | 20 | 31 | 47 | 34 | 11 | 16 | 31 | 41 | 28 | 23 | 24 | 21 | 33 | 42 | 30 | 10 | 25 | 24 | 23 | 22 | 21 | 32 | 44 | 24 | 13 | 19 | 31 | 24 | 25 | 21 | 26 | 46 | ||||
| Shanghai: local government bond issuance4 | 249 | 211 | 0 | 0 | 304 | 369 | 125 | 0 | 0 | 354 | 0 | 0 | 436 | 0 | 1,271 | 0 | 0 | 0 | 352 | 0 | 0 | 407 | 0 | 579 | 0 | 100 | 0 | 0 | 0 | 0 | 0 | 0 | 19 | 640 | 0 | 0 | 0 | |
| Shanghai: new bonds issued | 249 | 0 | 0 | 0 | 304 | 369 | 125 | 0 | 0 | 199 | 0 | 0 | 159 | 0 | 821 | 0 | 0 | 0 | 352 | 0 | 0 | 407 | 0 | 0 | 0 | 100 | 0 | 0 | 0 | 0 | 0 | 0 | 19 | 137 | 0 | 0 | 0 | |
| Shanghai: refinancing bonds issued | 0 | 211 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 155 | 0 | 0 | 277 | 0 | 450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 579 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 503 | 0 | 0 | 0 | |
| Shanghai: principal repaid | 197 | 474 | 180 | 0 | 0 | 40 | 0 | 0 | 36 | 110 | 237 | 362 | 160 | 0 | 144 | 0 | 35 | 0 | 55 | 38 | 246 | 65 | 536 | 0 | 0 | 0 | 0 | 90 | 0 | 175 | 185 | 247 | 130 | 0 | ||||
| Shanghai: interest paid | 26 | 33 | 27 | 25 | 0 | 41 | 23 | 12 | 11 | 2 | 60 | 34 | 38 | 8 | 29 | 2 | 35 | 27 | 10 | 54 | 41 | 32 | 26 | 25 | 2 | 33 | 7 | 12 | 2 | 60 | 36 | 39 | 30 | 2 | ||||
| Jiangsu: local government bond issuance4 | 464 | 1,128 | 1,235 | 711 | 730 | 397 | 1,719 | 568 | 0 | 635 | 0 | 227 | 580 | 450 | 0 | 1,039 | 414 | 1,920 | 2,128 | 0 | 2,511 | 1,087 | 764 | 0 | 461 | 597 | 0 | 649 | 130 | 0 | 0 | 763 | 351 | 817 | 0 | 314 | 424 | |
| Jiangsu: new bonds issued | 298 | 706 | 235 | 0 | 0 | 397 | 919 | 213 | 0 | 400 | 0 | 0 | 580 | 0 | 0 | 1,039 | 0 | 954 | 128 | 0 | 0 | 865 | 764 | 0 | 461 | 0 | 0 | 359 | 130 | 0 | 0 | 423 | 351 | 0 | 0 | 314 | 0 | |
| Jiangsu: refinancing bonds issued | 166 | 422 | 1,000 | 711 | 730 | 0 | 800 | 355 | 0 | 235 | 0 | 227 | 0 | 450 | 0 | 0 | 414 | 966 | 2,000 | 0 | 2,511 | 222 | 0 | 0 | 0 | 597 | 0 | 290 | 0 | 0 | 0 | 340 | 0 | 817 | 0 | 0 | 424 | |
| Jiangsu: principal repaid | 568 | 358 | 175 | 73 | 108 | 265 | 27 | 0 | 253 | 0 | 183 | 316 | 12 | 115 | 321 | 461 | 0 | 0 | 233 | 41 | 14 | 688 | 0 | 106 | 190 | 438 | 48 | 0 | 309 | 658 | 303 | 294 | 261 | 197 | ||||
| Jiangsu: interest paid | 108 | 61 | 81 | 83 | 71 | 111 | 62 | 67 | 71 | 78 | 94 | 92 | 50 | 84 | 78 | 60 | 93 | 52 | 61 | 74 | 74 | 73 | 61 | 68 | 64 | 83 | 44 | 61 | 52 | 91 | 63 | 83 | 64 | 54 | ||||
| Zhejiang: local government bond issuance4 | 395 | 715 | 720 | 440 | 449 | 458 | 542 | 1,432 | 260 | 452 | 335 | 173 | 1,046 | 1,078 | 375 | 881 | 248 | 0 | 1,374 | 0 | 1,499 | 567 | 491 | 355 | 350 | 496 | 0 | 557 | 159 | 168 | 298 | 0 | 1,032 | 672 | 90 | 621 | 502 | |
| Zhejiang: new bonds issued | 175 | 381 | 710 | 133 | 32 | 248 | 492 | 607 | 97 | 263 | 202 | 109 | 643 | 848 | 375 | 694 | 248 | 0 | 560 | 0 | 395 | 543 | 430 | 204 | 173 | 412 | 0 | 482 | 159 | 20 | 0 | 0 | 759 | 484 | 0 | 472 | 100 | |
| Zhejiang: refinancing bonds issued | 220 | 334 | 10 | 308 | 417 | 210 | 50 | 825 | 162 | 190 | 133 | 65 | 404 | 230 | 0 | 187 | 0 | 0 | 814 | 0 | 1,104 | 24 | 62 | 151 | 176 | 84 | 0 | 76 | 0 | 148 | 298 | 0 | 273 | 188 | 90 | 149 | 403 | |
| Zhejiang: principal repaid | 397 | 19 | 193 | 149 | 601 | 90 | 0 | 97 | 125 | 182 | 298 | 277 | 237 | 136 | 36 | 10 | 0 | 0 | 98 | 110 | 212 | 97 | 130 | 91 | 93 | 110 | 19 | 131 | 185 | 451 | 275 | 92 | 156 | 370 | ||||
| Zhejiang: interest paid | 82 | 85 | 77 | 91 | 70 | 73 | 66 | 74 | 83 | 63 | 92 | 69 | 63 | 78 | 77 | 70 | 73 | 49 | 61 | 89 | 57 | 61 | 77 | 57 | 60 | 62 | 70 | 55 | 57 | 83 | 55 | 51 | 81 | 63 | ||||
| Anhui: local government bond issuance4 | 210 | 375 | 693 | 945 | 245 | 290 | 0 | 574 | 0 | 82 | 103 | 72 | 878 | 699 | 561 | 565 | 433 | 342 | 0 | 226 | 0 | 585 | 478 | 89 | 633 | 514 | 0 | 490 | 0 | 0 | 640 | 7 | 1,108 | 351 | 546 | 457 | 27 | |
| Anhui: new bonds issued | 72 | 375 | 274 | 197 | 245 | 147 | 0 | 193 | 0 | 0 | 0 | 50 | 457 | 329 | 248 | 335 | 53 | 219 | 0 | 209 | 0 | 585 | 86 | 67 | 385 | 514 | 0 | 0 | 0 | 0 | 20 | 0 | 312 | 141 | 380 | 101 | 27 | |
| Anhui: refinancing bonds issued | 138 | 0 | 419 | 749 | 0 | 143 | 0 | 381 | 0 | 82 | 103 | 22 | 421 | 370 | 313 | 230 | 380 | 124 | 0 | 17 | 0 | 0 | 392 | 22 | 248 | 0 | 0 | 490 | 0 | 0 | 620 | 7 | 797 | 211 | 166 | 356 | 0 | |
| Anhui: principal repaid | 144 | 49 | 412 | 7 | 132 | 23 | 0 | 0 | 0 | 116 | 163 | 278 | 121 | 263 | 0 | 30 | 108 | 0 | 0 | 80 | 404 | 278 | 0 | 0 | 401 | 124 | 0 | 0 | 149 | 713 | 214 | 532 | 201 | 62 | ||||
| Anhui: interest paid | 55 | 43 | 84 | 46 | 23 | 66 | 36 | 47 | 49 | 20 | 83 | 54 | 34 | 86 | 39 | 20 | 65 | 30 | 45 | 75 | 60 | 42 | 70 | 32 | 33 | 58 | 25 | 21 | 20 | 76 | 58 | 50 | 68 | 34 | ||||
| Fujian: local government bond issuance4 | 200 | 33 | 612 | 128 | 129 | 512 | 127 | 291 | 0 | 484 | 0 | 215 | 0 | 881 | 0 | 556 | 164 | 0 | 977 | 67 | 56 | 67 | 725 | 497 | 0 | 317 | 0 | 198 | 53 | 0 | 0 | 374 | 328 | 292 | 87 | 667 | 76 | |
| Fujian: new bonds issued | 0 | 0 | 298 | 109 | 129 | 62 | 127 | 202 | 0 | 197 | 0 | 80 | 0 | 657 | 0 | 556 | 99 | 0 | 531 | 11 | 0 | 0 | 725 | 116 | 0 | 200 | 0 | 0 | 14 | 0 | 0 | 44 | 0 | 136 | 0 | 561 | 0 | |
| Fujian: refinancing bonds issued | 200 | 33 | 314 | 19 | 0 | 450 | 0 | 89 | 0 | 288 | 0 | 135 | 0 | 225 | 0 | 0 | 65 | 0 | 446 | 56 | 56 | 67 | 0 | 381 | 0 | 117 | 0 | 198 | 39 | 0 | 0 | 331 | 328 | 155 | 87 | 105 | 76 | |
| Fujian: principal repaid | 227 | 50 | 359 | 10 | 0 | 7 | 0 | 229 | 13 | 40 | 102 | 35 | 213 | 13 | 17 | 65 | 0 | 0 | 61 | 71 | 0 | 424 | 128 | 10 | 0 | 249 | 0 | 49 | 21 | 393 | 162 | 96 | 114 | 94 | ||||
| Fujian: interest paid | 51 | 49 | 70 | 41 | 22 | 47 | 49 | 56 | 28 | 26 | 55 | 50 | 41 | 74 | 32 | 24 | 48 | 39 | 26 | 57 | 33 | 49 | 73 | 28 | 19 | 51 | 49 | 24 | 14 | 64 | 26 | 50 | 65 | 15 | ||||
| Jiangxi: local government bond issuance4 | 335 | 218 | 165 | 26 | 82 | 168 | 851 | 0 | 74 | 275 | 632 | 94 | 74 | 273 | 605 | 77 | 138 | 0 | 544 | 220 | 0 | 907 | 427 | 284 | 118 | 130 | 254 | 307 | 61 | 0 | 39 | 156 | 785 | 191 | 98 | 394 | 90 | |
| Jiangxi: new bonds issued | 148 | 179 | 0 | 26 | 40 | 66 | 330 | 0 | 0 | 275 | 495 | 94 | 74 | 147 | 380 | 77 | 138 | 0 | 0 | 167 | 0 | 805 | 289 | 70 | 0 | 130 | 254 | 0 | 0 | 0 | 36 | 0 | 342 | 191 | 98 | 226 | 90 | |
| Jiangxi: refinancing bonds issued | 187 | 39 | 165 | 0 | 42 | 102 | 522 | 0 | 74 | 0 | 137 | 0 | 0 | 125 | 225 | 0 | 0 | 0 | 544 | 53 | 0 | 102 | 138 | 214 | 118 | 0 | 0 | 307 | 61 | 0 | 3 | 156 | 443 | 0 | 0 | 167 | 0 | |
| Jiangxi: principal repaid | 133 | 1 | 200 | 0 | 46 | 115 | 0 | 9 | 0 | 159 | 0 | 113 | 162 | 127 | 0 | 0 | 58 | 0 | 0 | 0 | 150 | 263 | 136 | 0 | 0 | 361 | 0 | 3 | 0 | 469 | 0 | 138 | 103 | 0 | ||||
| Jiangxi: interest paid | 48 | 39 | 46 | 35 | 58 | 38 | 32 | 38 | 31 | 49 | 36 | 43 | 42 | 42 | 33 | 55 | 38 | 27 | 30 | 32 | 37 | 46 | 38 | 31 | 44 | 42 | 27 | 28 | 32 | 36 | 31 | 49 | 35 | 35 | ||||
| Shandong: local government bond issuance4 | 1,120 | 381 | 439 | 535 | 479 | 741 | 59 | 1,517 | 182 | 367 | 423 | 438 | 444 | 533 | 930 | 702 | 557 | 1,531 | 82 | 440 | 1,455 | 294 | 1,225 | 576 | 528 | 605 | 280 | 376 | 638 | 250 | 0 | 605 | 653 | 1,241 | 263 | 420 | 265 | |
| Shandong: new bonds issued | 338 | 217 | 332 | 152 | 232 | 177 | 56 | 1,076 | 106 | 261 | 404 | 346 | 336 | 486 | 674 | 131 | 441 | 1,052 | 82 | 79 | 127 | 294 | 1,086 | 77 | 275 | 311 | 280 | 363 | 0 | 250 | 0 | 281 | 485 | 431 | 111 | 213 | 59 | |
| Shandong: refinancing bonds issued | 782 | 164 | 108 | 383 | 248 | 563 | 3 | 441 | 75 | 106 | 19 | 92 | 108 | 47 | 257 | 572 | 116 | 479 | 0 | 361 | 1,328 | 0 | 139 | 499 | 253 | 294 | 0 | 13 | 638 | 0 | 0 | 324 | 168 | 810 | 152 | 207 | 206 | |
| Shandong: principal repaid | 576 | 94 | 189 | 146 | 161 | 382 | 0 | 4 | 8 | 20 | 109 | 113 | 54 | 218 | 309 | 50 | 0 | 0 | 73 | 20 | 576 | 197 | 270 | 322 | 392 | 64 | 39 | 0 | 171 | 855 | 179 | 0 | 414 | 347 | ||||
| Shandong: interest paid | 170 | 106 | 76 | 124 | 83 | 93 | 84 | 47 | 75 | 80 | 75 | 161 | 90 | 69 | 126 | 75 | 73 | 80 | 55 | 56 | 165 | 80 | 67 | 106 | 83 | 66 | 35 | 49 | 56 | 69 | 134 | 74 | 68 | 84 | ||||
| Henan: local government bond issuance4 | 966 | 94 | 254 | 652 | 547 | 444 | 805 | 0 | 226 | 812 | 856 | 824 | 473 | 277 | 517 | 145 | 0 | 309 | 386 | 353 | 544 | 404 | 280 | 245 | 910 | 133 | 221 | 0 | 247 | 81 | 374 | 387 | 328 | 1,047 | 0 | 417 | 441 | |
| Henan: new bonds issued | 501 | 90 | 152 | 151 | 0 | 63 | 319 | 0 | 185 | 672 | 307 | 388 | 74 | 158 | 85 | 144 | 0 | 0 | 386 | 0 | 166 | 394 | 154 | 245 | 520 | 0 | 0 | 0 | 0 | 81 | 282 | 131 | 0 | 715 | 0 | 158 | 239 | |
| Henan: refinancing bonds issued | 466 | 4 | 101 | 502 | 547 | 381 | 486 | 0 | 41 | 141 | 549 | 436 | 399 | 119 | 431 | 0 | 0 | 309 | 0 | 353 | 378 | 11 | 126 | 0 | 390 | 133 | 221 | 0 | 247 | 0 | 92 | 256 | 328 | 332 | 0 | 259 | 202 | |
| Henan: principal repaid | 397 | 17 | 80 | 414 | 580 | 197 | 0 | 0 | 219 | 379 | 447 | 203 | 0 | 274 | 0 | 1 | 64 | 0 | 65 | 12 | 147 | 124 | 471 | 0 | 218 | 26 | 0 | 0 | 0 | 330 | 333 | 0 | 261 | 203 | ||||
| Henan: interest paid | 80 | 40 | 79 | 84 | 58 | 43 | 46 | 43 | 65 | 36 | 64 | 70 | 37 | 78 | 76 | 51 | 37 | 39 | 60 | 55 | 67 | 35 | 70 | 68 | 53 | 36 | 22 | 43 | 34 | 59 | 52 | 35 | 69 | 50 | ||||
| Hubei: local government bond issuance4 | 419 | 210 | 748 | 448 | 182 | 498 | 453 | 249 | 0 | 1,030 | 110 | 226 | 135 | 230 | 538 | 309 | 422 | 133 | 348 | 1,012 | 0 | 701 | 297 | 234 | 320 | 656 | 0 | 316 | 236 | 122 | 417 | 320 | 349 | 96 | 0 | 349 | 216 | |
| Hubei: new bonds issued | 0 | 110 | 356 | 57 | 64 | 112 | 287 | 145 | 0 | 942 | 47 | 16 | 0 | 0 | 319 | 0 | 303 | 8 | 99 | 561 | 0 | 611 | 297 | 0 | 320 | 306 | 0 | 127 | 236 | 0 | 417 | 0 | 331 | 72 | 0 | 278 | 50 | |
| Hubei: refinancing bonds issued | 419 | 100 | 392 | 391 | 118 | 386 | 166 | 104 | 0 | 88 | 62 | 210 | 135 | 230 | 219 | 309 | 119 | 126 | 249 | 451 | 0 | 90 | 0 | 234 | 0 | 350 | 0 | 189 | 0 | 122 | 0 | 320 | 18 | 23 | 0 | 72 | 166 | |
| Hubei: principal repaid | 175 | 237 | 273 | 101 | 156 | 234 | 60 | 1 | 1 | 90 | 177 | 241 | 368 | 422 | 155 | 5 | 0 | 0 | 9 | 60 | 323 | 20 | 210 | 191 | 50 | 160 | 0 | 148 | 51 | 378 | 29 | 5 | 369 | 174 | ||||
| Hubei: interest paid | 34 | 50 | 84 | 46 | 39 | 69 | 27 | 71 | 27 | 39 | 68 | 38 | 51 | 87 | 39 | 33 | 66 | 23 | 27 | 60 | 42 | 40 | 67 | 46 | 35 | 58 | 45 | 25 | 31 | 67 | 41 | 38 | 74 | 35 | ||||
| Hunan: local government bond issuance4 | 802 | 425 | 443 | 34 | 365 | 0 | 1,395 | 46 | 4 | 276 | 0 | 610 | 666 | 998 | 407 | 120 | 1,223 | 0 | 0 | 242 | 1,335 | 490 | 939 | 280 | 92 | 283 | 113 | 264 | 100 | 0 | 765 | 988 | 343 | 469 | 129 | 755 | 416 | |
| Hunan: new bonds issued | 406 | 0 | 78 | 34 | 25 | 0 | 809 | 0 | 4 | 66 | 0 | 223 | 366 | 298 | 171 | 0 | 573 | 0 | 0 | 100 | 0 | 241 | 939 | 0 | 52 | 102 | 55 | 221 | 100 | 0 | 86 | 345 | 108 | 63 | 129 | 273 | 144 | |
| Hunan: refinancing bonds issued | 396 | 425 | 365 | 0 | 340 | 0 | 587 | 46 | 0 | 210 | 0 | 387 | 300 | 700 | 236 | 120 | 650 | 0 | 0 | 142 | 1,335 | 249 | 0 | 280 | 40 | 181 | 58 | 43 | 0 | 0 | 679 | 643 | 235 | 406 | 0 | 481 | 272 | |
| Hunan: principal repaid | 72 | 73 | 416 | 1 | 388 | 2 | 78 | 0 | 132 | 133 | 102 | 280 | 322 | 242 | 150 | 0 | 1 | 0 | 50 | 269 | 0 | 325 | 212 | 31 | 70 | 50 | 0 | 200 | 0 | 275 | 406 | 126 | 356 | 272 | ||||
| Hunan: interest paid | 62 | 50 | 54 | 62 | 73 | 45 | 42 | 43 | 77 | 86 | 56 | 48 | 49 | 58 | 65 | 59 | 42 | 37 | 70 | 53 | 41 | 56 | 59 | 58 | 52 | 36 | 30 | 56 | 52 | 56 | 46 | 57 | 58 | 54 | ||||
| Guangdong: local government bond issuance4 | 1,215 | 281 | 1,045 | 463 | 210 | 942 | 864 | 1,055 | 127 | 404 | 781 | 1,497 | 639 | 559 | 620 | 861 | 98 | 484 | 404 | 1,181 | 0 | 1,047 | 1,046 | 59 | 551 | 1,664 | 45 | 515 | 1,054 | 56 | 0 | 64 | 202 | 2,302 | 210 | 46 | 1,242 | |
| Guangdong: new bonds issued | 1,206 | 0 | 959 | 115 | 210 | 691 | 584 | 973 | 109 | 232 | 444 | 1,374 | 568 | 349 | 271 | 744 | 98 | 302 | 384 | 1,181 | 0 | 1,039 | 944 | 59 | 356 | 1,202 | 0 | 515 | 766 | 0 | 0 | 0 | 202 | 1,716 | 0 | 46 | 717 | |
| Guangdong: refinancing bonds issued | 9 | 281 | 86 | 348 | 0 | 250 | 281 | 82 | 18 | 172 | 337 | 123 | 70 | 209 | 348 | 117 | 0 | 182 | 20 | 0 | 0 | 8 | 102 | 0 | 194 | 462 | 45 | 0 | 288 | 56 | 0 | 64 | 0 | 586 | 210 | 0 | 525 | |
| Guangdong: principal repaid | 295 | 93 | 264 | 251 | 106 | 135 | 273 | 81 | 165 | 106 | 94 | 255 | 364 | 116 | 12 | 222 | 16 | 0 | 86 | 2 | 120 | 157 | 269 | 292 | 39 | 44 | 49 | 16 | 11 | 46 | 648 | 210 | 294 | 412 | ||||
| Guangdong: interest paid | 131 | 121 | 71 | 132 | 82 | 85 | 101 | 55 | 118 | 100 | 64 | 128 | 114 | 63 | 122 | 85 | 60 | 96 | 111 | 40 | 126 | 110 | 63 | 107 | 81 | 38 | 49 | 94 | 92 | 31 | 112 | 102 | 72 | 77 | ||||
| Guangxi: local government bond issuance4 | 356 | 0 | 225 | 149 | 407 | 237 | 579 | 52 | 44 | 152 | 75 | 362 | 93 | 285 | 134 | 458 | 0 | 515 | 135 | 0 | 0 | 330 | 227 | 0 | 116 | 279 | 0 | 286 | 0 | 292 | 0 | 673 | 0 | 525 | 367 | 279 | 84 | |
| Guangxi: new bonds issued | 112 | 0 | 225 | 50 | 257 | 44 | 71 | 0 | 13 | 88 | 75 | 198 | 0 | 88 | 123 | 413 | 0 | 0 | 79 | 0 | 0 | 235 | 227 | 0 | 30 | 80 | 0 | 286 | 0 | 283 | 0 | 0 | 0 | 255 | 0 | 279 | 84 | |
| Guangxi: refinancing bonds issued | 244 | 0 | 0 | 99 | 150 | 193 | 508 | 52 | 31 | 64 | 0 | 165 | 93 | 198 | 11 | 45 | 0 | 515 | 56 | 0 | 0 | 95 | 0 | 0 | 87 | 199 | 0 | 0 | 0 | 9 | 0 | 673 | 0 | 270 | 367 | 0 | 0 | |
| Guangxi: principal repaid | 187 | 0 | 110 | 0 | 35 | 177 | 213 | 32 | 0 | 0 | 175 | 235 | 93 | 23 | 40 | 0 | 61 | 0 | 35 | 10 | 101 | 95 | 0 | 220 | 0 | 153 | 9 | 50 | 0 | 55 | 249 | 367 | 267 | 102 | ||||
| Guangxi: interest paid | 61 | 22 | 33 | 65 | 15 | 41 | 54 | 32 | 38 | 28 | 37 | 63 | 22 | 32 | 61 | 14 | 34 | 52 | 36 | 28 | 63 | 25 | 23 | 66 | 12 | 32 | 20 | 34 | 11 | 26 | 59 | 30 | 24 | 11 |
Latest reading
The series on this page is monthly and runs from Nov 2020 to Aug 2026. Source: Ministry of Finance of the PRC (Debt Management Department) — Local Government Bond Issuance and Debt Balance.
About this data
China local government bond issuance by province, reported monthly by the Ministry of Finance. Each regional entry breaks down total issuance into new bonds and refinancing bonds, alongside principal repaid and interest paid. Series are reported in hundred million yuan and cover all provinces, autonomous regions and municipalities monthly since 2020. Provincial totals include separately-planned cities such as Shenzhen, Qingdao, Ningbo, Xiamen and Dalian.
Frequently asked questions
- What is the latest figure for China local government bonds by province?
- Guangdong: local government bond issuance stood at 1,215 100 million yuan in Aug 2026. That is +332.4% from Jul 2026 and +90.1% from a year earlier.
- How far back does the China local government bonds by province data go?
- The series on this page is monthly and runs from Nov 2020 to Aug 2026. Source: Ministry of Finance of the PRC (Debt Management Department) — Local Government Bond Issuance and Debt Balance. Every series in the table can be charted over its full history and downloaded as CSV or Excel.
- What does China's local government bond issuance by province table measure?
- This table tracks monthly bond financing by China's provincial governments, recording total local government bond issuance, new bonds issued, and refinancing bonds. It also reports debt service cash flows, specifically principal repaid at maturity and interest paid during the month across each province and municipality.
- What is the difference between new bonds and refinancing bonds in China's local government bond data?
- In China, new local government bonds represent fresh borrowing approved under annual debt quotas to fund public infrastructure and public interest investment projects. Refinancing bonds are issued strictly to repay the principal of maturing existing local government debt rather than financing new expenditure.
- Which provincial jurisdictions are included in China's local government bond dataset?
- The dataset covers all provincial-level administrative divisions in mainland China, including provinces, autonomous regions, and directly administered municipalities. Bond issuance and debt service for cities with separate state planning, such as Shenzhen, Dalian, Qingdao, Ningbo, and Xiamen, are incorporated into their respective provincial totals.