BUSINESS China's bond market sees 5.7t-yuan issuance in Sept

BUSINESS

China's bond market sees 5.7t-yuan issuance in Sept

Xinhua

15:20, October 25, 2020

An employee of Lin'an Rural Commercial Bank counts banknotes at the bank's branch in Xitianmu area in Hangzhou, Zhejiang province, on Feb 25, 2020. [Photo by Hu Jianhuan/For China Daily]

BEIJING - Total bond issuance in China stood at 5.7 trillion yuan (about $854.5 billion) in September, data from the central bank showed.

The issuance of treasury bonds reached 750.37 billion yuan, while the issuance of local government bonds stood at 720.54 billion yuan, according to the People's Bank of China.

Last month, financial bond issuance stood at 1 trillion yuan, and corporate bond issuance hit 1.1 trillion yuan. The issuance of asset-backed securities was at 172.47 billion yuan and that of interbank deposit certificates reached 1.8 trillion yuan.

By the end of September, outstanding bonds held in custody hit 113.8 trillion yuan, including 18.6 trillion yuan of treasury bonds and 25.4 trillion yuan of local government bonds.

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