Affected by the macroeconomic situation and proactive fiscal policies，the scale of local government bonds issuance in Chongqing in the first half of 2020 increased significantly. Among the newly issued local government bonds，the proportion of special bonds and new bonds increased，the bond maturity was extended，and the overall bond issuance cost ranked high in China. Compared with the funds raised in 2019 that were invested in land and shed reform projects，the funds raised in the first half of 2020 were mostly invested in infrastructure construction，livelihood services and ecological and environmental protection projects. The proportion of Chongqing’s project income special bonds used as project capital was low. Most of the projects were invested in municipal projects in the form of supporting financing. The income sources were diverse，and project income can basically cover project financing；special bonds were used as supporting financing，and the leverage for infrastructure investment was among the lowest in the country. In addition，Chongqing’s economic and fiscal aggregates ranked in the middle and lower reaches of the country，and the per capita economic aggregate ranked well，but its fiscal balance ability was relatively weak；explicit debt was relatively controllable，but there was still some debt repayment pressure.