The balance of local government bonds in Henan was at an upper-middle level in the country. In the first half of 2020，the scale of newly issued local government bonds increased significantly compared with the same period last year，the maturity was lengthened，and the cost fallen. Newly issued bonds were mainly special bonds. Most of the debt was invested in areas such as people’s livelihood services，municipal and industrial park infrastructure，ecological and environmental protection projects，and transportation infrastructure. Henan’s overall economic and financial strength was relatively high，the debt ratio and debt ratio were not high，and the debt repayment pressure was average compared to other areas. In summary，this report suggests that Henan can appropriately extend the term of local government bonds，give full play to the advantages of special bonds as project capital，and accelerate regional economic development.