As the end of September of 2021，the scale of local government bonds in Sichuan ranked fifth among all provinces（autonomous regions and municipalities）in the country. From January to September of 2021，the issuance of local government bonds in Sichuan has slowed down significantly. Newly-issued local government bonds are mainly new special bonds，but their proportion has dropped sharply. The secondary market is not very liquid. From the perspective of the use of special bonds，new project income special bonds are mainly invested in municipal and industrial park infrastructure and transportation infrastructure fields. The funds raised from special bonds are mostly invested in the form of supporting financing，and the proportion of special bonds used as project capital is very low. In addition，Sichuan has strong economic and financial strength，but weak fiscal self-sufficiency；Sichuan has a relatively large amount of explicit government debt，but its debt ratio are at a low level，and the maturity distribution of local government bonds is relatively even. At the same time，the debt resolution and state-owned assets reform in Sichuan are progressing steadily，and the overall explicit debt pressure is relatively controllable.