【Multiple Regions Promote the Issuance of Land Reserve Special Bonds】 By early April, the total amount announced nationwide for acquiring existing land through special bonds exceeded 180 billion yuan, with Beijing, Guangdong, and Hunan taking the lead in issuance. Many industry insiders believe that land special bonds not only help digest idle plots and improve the land market structure but also provide financial support for real estate companies to revitalize assets and for urban investment companies to resolve high-interest debts. Despite continuous optimization at the policy level, the execution effectiveness of special bonds still needs to be strengthened in terms of revenue mechanisms, regional coordination, and risk prevention and control to achieve the policy goals of "stabilizing the market, stabilizing land prices, and stabilizing expectations.