Markets > Bonds

China's bond issuance drops

Xinhua News,BEIJING
2020-07-20 10:52

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BEIJING, July 20 (Xinhua) -- The value of bonds issued in China last month totaled 4.2 trillion yuan (about 599.6 billion U.S. dollars), down 600 billion yuan from that in May, data from the country's central bank showed.

Treasury bonds issued in June stood at 684.84 billion yuan, while local government bond issuance was 286.68 billion yuan, according to the People's Bank of China (PBOC).

Financial bonds issued last month were valued at 726.26 billion yuan, and corporate debenture issuance came in at 1.02 trillion yuan.

The trust balance of the bond market totaled 107.8 trillion yuan at the end of June.

China has the world's second-largest bond market, which is growing rapidly and opening wider to overseas investors.

Last year, the country issued bonds worth 45.3 trillion yuan, up 3.1 percent from the previous year, the PBOC data showed.
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