BUSINESS China issues bonds worth 2.9 trln yuan in January

BUSINESS

China issues bonds worth 2.9 trln yuan in January

Xinhua

13:56, February 22, 2020

bonds.jpg

In this Aug 11, 2015 photo, a staff counts Chinese currency Renminbi (RMB) at a bank in Linyi, East China's Shandong province. (File photo: Xinhua)

BEIJING, Feb. 22 (Xinhua) -- The value of bonds issued in China last month totaled 2.9 trillion yuan (about 414 billion U.S. dollars), official data showed.

The value of treasury bonds stood at 170 billion yuan, while that of local government bonds was 785 billion yuan, according to the People's Bank of China.

Financial bonds issued in January were valued at 456.6 billion yuan, and corporate debentures at 826.7 billion yuan.

At the end of last month, total outstanding bonds reached 100.4 trillion yuan, showed the data.

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