BUSINESS China's debt financing instrument market exceeds 11 trillion yuan

BUSINESS

China's debt financing instrument market exceeds 11 trillion yuan

China Daily

17:45, October 06, 2019

The scale of China's debt financing instrument market has exceeded 11 trillion yuan (about $1.56 trillion), according to the National Association of Financial Market Institutional Investors.

微信截图_20191006174505.png

File photo: VCG

In the first half of 2019, the amount of debt financing instruments issued by non-financial enterprises reached 3.2 trillion yuan, increasing about 30 percent year on year, NAFMII data showed.

To continuously improve and complete the system of poverty alleviation bills, China had issued five poverty alleviation bills with a value of 7.25 billion yuan in the first half of 2019. A total of 30 cumulative bills of 34.5 billion yuan had been issued by June.

Poverty alleviation bills are mainly used for industrial development and infrastructure construction in poverty-stricken areas.

By June, 61 cumulative firms had registered green debt financing instruments of 131.49 billion yuan while instruments totaling 62.62 billion yuan had been issued, the NAFMII said.


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