BUSINESS China issues bonds worth 3.9 trln yuan in November

BUSINESS

China issues bonds worth 3.9 trln yuan in November

Xinhua

09:41, December 22, 2019

BEIJING, Dec. 22 (Xinhua) -- The value of bonds issued in China last month totaled 3.9 trillion yuan (about 557 billion U.S. dollars), up from 3.1 trillion yuan in October, official data showed.

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File photo: CGTN

Treasury bond issuance stood at 402.2 billion yuan, while local government bond issuance was 45.79 billion yuan, according to the People's Bank of China.

Financial bonds issued last month were valued at 600 billion yuan, and corporate debenture issuance was 908.4 billion yuan.

By the end of November, total bonds outstanding reached 97.6 trillion yuan, showed the data.

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