However, it should be noted that the regional differences of urban investment bonds are becoming more and more obvious. At present, the issuing cost of urban investment bonds can clearly reflect the difference of regional credit. "The areas with the highest average issuance cost are usually the areas with higher risks." Analysts of China Chengxin International said that the areas with the highest average issuance cost of urban investment bonds in July were Liaoning, Hebei and Guizhou, while the areas with lower average issuance cost were Beijing and Shanghai. Credit differences in different regions can be clearly reflected from the regional economic and financial situation.