Public hospital special bonds are a financing tool, similar to bonds, issued by the government to support the construction and development of public hospitals. Public hospitals can issue special bonds to raise funds for investment in purchasing medical equipment, expanding hospitals, and improving medical services. The purchase of special bonds for public hospitals by investors is tantamount to providing loans to the public hospitals, which will pay interest and principal to the investors in accordance with the agreed interest rate and period. Therefore, it can be said that public hospital special bonds are a kind of loan.
Unlike general loans, public hospital special bonds are financed through the issuance of bonds, which have higher flexibility and liquidity.