The stock scale of local government bonds in Hubei ranks among the upper middle in China，the pace of issuing local government bonds in Hubei is relatively active and the scale of issuance increases yearly，while the issuance costs are decreasing. Due to the outbreak of COVID-19 epidemic，local bond issuance in Hubei slowed down in 2020. The issue time is mainly concentrated in the second and third quarters. Since 2021，the pace of local bond issuance has been advanced. The issuance structure was dominated by the new-added special bonds，and the proportion of long-term bonds increased. The project income special bonds in Hubei continues to expand，and its raised investment field is inclined to renovation of shanty towns，but it is not used as project capital. On the whole，there is still some space for the debt limit of local governments in Hubei，but the general public budget revenue cannot fully cover the debt balance，facing certain debt repayment pressure. From the perspective of long-term sustainable development，this report suggests that Hubei local government could enrich their investment diversification，and focus on the refinancing capacity in the province in the meantime in terms of controlling the debt-risks.