December 12th news, Beijing in the China Bond Information Network disclosed documents show that it intends to issue 4.70 billion yuan of refinancing special project bonds to replace the stock of hidden debt, of which 3-year, 7-year, 10-year refinancing special project bonds were issued 800 million yuan, 2.725 billion yuan, 1.175 billion yuan. It is worth mentioning that since November 12th, all regions of the country have disclosed that they plan to issue or have issued refinancing special project bonds to replace the stock of hidden debt The total amount has reached 2 trillion yuan. This means that this year, all the refinancing special project bonds used by local governments to replace the stock of hidden bonds have been disclosed.