BUSINESS China issues 5.3 trln yuan of bonds in March


China issues 5.3 trln yuan of bonds in March


15:07, April 26, 2020

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China, March 30, 2016. (Photo: Agencies)

The value of bonds issued in China totaled 5.3 trillion yuan (about $748.6 billion) in March, data from the central bank showed.

Treasury bond issuance amounted to 370 billion yuan, while local government bond issuance was worth 387.5 billion yuan, according to a statement by the People's Bank of China.

By the end of March, the size of the outstanding bond market debt was 103 trillion yuan.

China has accelerated the local government bond issuance this year to help the timely implementation of various projects to mitigate the impacts of the novel coronavirus epidemic.

The debt balance of local governments stood at 22.5 trillion yuan at the end of March.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue