As the end of September of 2021，the local government bonds balance of Tibet Autonomous Region（hereinafter referred as “Tibet”）is relatively small，and the maturity of bonds is mainly contributed by medium and long-term debts. The newly issued local debts in Tibet are all long-term bonds. The secondary market scale is small but the growth rate is fast，the scale of the issuance of special bonds for local government project income has dropped significantly year-on-year，mainly in the areas of municipal and industrial park infrastructure，cultural and tourism construction，and the overall solvency from these projects is relatively strong. There is no special bonds used as project capital for the time being，resulting the driving effect on investment is limited. In terms of debt management，Tibet’s debt scale is generally small and the overall debt risk is controllable，but there is still a debt solvency risk made by excessive reliance on central subsidies and negative growth in general public budget revenue. In the future，Tibet should make use of its policy and location advantages to vigorously develop the local economy，carefully plan the pace of local debt issuance，rationally arrange the bond maturity structure，and strengthen the leveraging effect of special debt funds.