In order to hedge the impact of the epidemic on economic growth，the monetary policy continued to be loose. From January to June 2020，the pace of issuing local government bonds in Anhui was advanced，the issuing scale was further expanded. Meanwhile，the issuance structure，issuance cost and capital investment direction were all different. The report firstly describes the operation of Anhui local government bonds’ market from the perspective of primary market and secondary market，and then analyzes the use of project income special bond funds and the pulling effect on regional investment in detail. Finally，it analyzes the regional debt risk around the overall situation and financial performance of Anhui local government debt.