From January to September of 2021，the local debt issuance scale of Guangxi Zhuang Autonomous Region（hereinafter referred to as “Guangxi” or “the Autonomous Region”）ranked in the middle of the country，with the issuance structure dominated by new special bonds，the issuance term are long-term，and the issuance cost ranked in the forefront of the country. Among them，the scale of issuance of project revenue special bonds has been rising year by year，and the fund-raising field is inclined to infrastructure. As of the end of September of 2021，the scale of Guangxi’s local government existing bonds ranked in the middle of the country，and entered the peak of debt service in 2023. Guangxi’s financial strength is weak，the fiscal balance rate is low，the dependence on higher government subsidies is strong，and the local government debt burden is in the middle to upper level in the country，but the bond issuance period in recent years is mainly long-term，which can play a certain role in relieving the pressure of maturity year by year.