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China issues 2.19t yuan of bonds in February

Updated: Mar 17,2018 4:18 PM     Xinhua

BEIJING — The value of bonds issued in China last month totaled 2.19 trillion yuan ($346.8 billion), according to data from the central bank.

Of the bonds issued, 2.09 trillion yuan of bonds were sold through the interbank bond market, according to the People’s Bank of China (PBOC).

Treasury bond issuance stood at 120 billion yuan, while local government bond issuance was worth 28.56 billion yuan.

By the end of February, the size of outstanding bond market debt was 75.56 trillion yuan.

A number of regulations were introduced last year to rein in financial risks as local government debt and corporate leverage increased.

The central bank has pledged more efforts to improve the disposal of bond defaults, and unify rules on approval and information disclosure of corporate credit bond issuance.

Last year, China issued bonds worth 40.8 trillion yuan, up 12.9 percent from the previous year, according to PBOC data.