Changsha, July 1st (Xiang Yiping, Lu Qiong) The Hunan Provincial Natural Resources Department revealed on July 1st that on June 30th, Hunan successfully issued the third batch of special bonds, including 98.56 billion yuan in land reserve special bonds. Up to now, the province has issued three batches of land reserve special bonds totaling 238.54 billion yuan, accounting for 44.56% of the construction project funds.

It is reported that the special bond funds for land reserve in Hunan Province are mainly used for the acquisition and reservation of real estate, infrastructure supporting facilities, and industrial and mining storage land, playing an important role in regulating market supply and demand, optimizing resource allocation, and supporting the development of new-quality productive forces.

Since the Ministry of Natural Resources deployed the land reserve special bond work in November last year, the Hunan Provincial Natural Resources Department has continuously strengthened guidance at the city and county levels through on-site investigations, provincial training, and the development of a land reserve special bond project management information system. At the same time, the department actively communicated and coordinated with the Hunan Provincial Development and Reform Commission and the Hunan Provincial Finance Department to negotiate on key links such as planning, application and issuance, fund use, and follow-up supervision of land reserve special bond projects; established a tripartite joint review mechanism to strengthen review and control, ensuring project quality.

The Hunan Provincial Natural Resources Department will further strengthen project supervision in the next step, promote the formation of a virtuous cycle of 'reserving a batch, supplying a batch, and constructing a batch', ensure the precise and efficient use of bond funds, and provide important support for local governments to stabilize investment, promote development, and benefit the people.