Beijing, November 3, 2024 – The Europe Today: China’s bond market saw significant activity in September, with total bond issuances reaching 7.6 trillion yuan (approximately 1.07 trillion U.S. dollars), according to data released by the People’s Bank of China (PBOC).
Breaking down the figures, treasury bond issuances accounted for 1.36 trillion yuan, while local government bonds amounted to 1.28 trillion yuan. Financial bond issuances reached 764 billion yuan, and corporate credit bond issuances totaled 1.19 trillion yuan, underscoring strong issuance levels across multiple categories.
By the end of September, the total outstanding bonds held in custody had reached a substantial 169.9 trillion yuan. These figures reflect robust activity within China’s bond market, an important pillar of the country’s financial system that supports economic growth and infrastructure development.
The increase in bond issuances aligns with China’s fiscal and monetary strategies to stimulate economic stability and growth amid global economic uncertainties.
