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

BUSINESS

China's debt financing instrument market exceeds 11 trln yuan

CGTN

08:24, October 06, 2019

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File photo: CGTN

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

In the first half of 2019, the amount of debt financing instruments issued by non-financial enterprises reached 3.2 trillion yuan, up 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.

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