Under the national guiding policy of innovation leading development，China’s local government project income special bonds for the industry park is now in a high-speed development stage. In the first half of 2020，the project income special bonds of industry park have been significantly expanded. The issuance term was mainly 10 years or above，and the scale and quantity distribution among provinces and cities was uneven. Its projects were mainly at the district or county level，and the proportion of project capital was relatively high. Meanwhile，its debt repayment mainly depended on land balance income，and it may faces certain uncertainty of repayment. Besides，the risk assessment also needs to consider the impact of local government credit on the guarantee of debt repayment，economic cycle and social risk. In the future，the development of income special bonds for such projects should adhere to the principle of prudence，actively expand the capital sources of major projects，rationally make overall arrangements for local industry park projects，and strictly implement the work deployment of different development stages of the park.