“允许地方自行发债”有其积极的意义,但在它大受欢迎的潮流之下,如果不能保持一双审慎的冷眼,也有可能转化为狂热、盲目与灾难。今年10月20日,财政部发布了《2011年地方政府自行发债试点办法》,上海、浙江、广东、深圳四个省市成为本次的试点。到11月中旬,四地都已经出台了发债的相关规划。11月18日,上海、广东都已经开始了地方债的发行,两地的地方债大受欢迎,且都出人意料地略低于国债利率。 “Allowing local governments to issue bonds ” has its positive significance. However, under its popular trend, it may turn into fanaticism, blindness and disaster if it can not maintain a pair of cautious cold-heartedness. On October 20 this year, the Ministry of Finance promulgated the “Pilot Measures for Issuing Debts Owned by Local Governments in 2011”, and the four provinces and municipalities of Shanghai, Zhejiang, Guangdong and Shenzhen became the pilot projects. By mid-November, all four places have issued relevant plans for issuing bonds. November 18, Shanghai and Guangdong have started the issuance of local bonds, local debt in both places is very popular, and are surprisingly slightly lower than the national debt rate.