In January 2026, the Ministry of Finance issued 30-year ultra-long-term government bonds, totaling 32 billion.
On February 25, 2026, the Ministry of Finance again auctioned 5-year government bonds worth 120 billion.
Starting from March 10, the third round will be issued, totaling 30 billion.
When a country starts to intensively issue government bonds, it is essentially doing one thing: using national credit to exchange for market liquidity.
In simple terms: the government converts its tax revenue capacity over the next few decades into funds available for use today.
This money typically flows to three places:
1️⃣ Infrastructure and industrial upgrading
2️⃣ Technology investment
3️⃣ Financial market liquidity
Today, let's take a look at where capital will flow next when new liquidity enters the economic system?
If a technological revolution is taking place—such as AI, computing power, and the digital economy—
Historical experience often has only one outcome: capital will ultimately flow to new productive forces.