Urban investment bonds refer to bonds issued by local government investment and financing platform companies to raise funds for local economic and social development. Urban investment bonds are defined by the issuer, covering most corporate bonds and a small number of non-financial corporate debt financing instruments.
Urban investment bonds are mainly issued for investment purposes such as urban infrastructure, and are also called "quasi-municipal bonds". The main issuers of urban investment bonds are local investment and financing platforms, and the issuance methods are publicly issued corporate bonds and medium-term notes.