---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39541178.md"
description: "In 1998, debt was resolved by using houses to absorb it through housing reform.In 2015, debt was resolved through shantytown renovation.This time, 14 trillion yuan of local government bonds with 7-9% yields are being converted into long-term bonds at 2%. Where can we find a reservoir to absorb this?Only the A-share market."
datetime: "2026-03-26T09:22:31.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39541178.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39541178.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39541178.md)
author: "[浩浩荡荡地](https://longbridge.com/en/profiles/19784218.md)"
---

# In 1998, debt was resolved by using houses to abso…


### Related Stocks

- [000001.CN](https://longbridge.com/en/quote/000001.CN.md)