China bond issuance totals RMB5.06379 trln in Nov.

Updated: December 30, 2022 Source: Belt and Road Portal
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China's bond market witnessed a total of 5.06379 trillion yuan of bond issuance in November, reported Xinhua Finance citing data released by the People's Bank of China, the Chinese central bank on Wednesday.

In November, T-bond issues, local government bond issues, financial bond issues, corporate bond issues, asset-backed securities (ABS) issues and interbank certificate of deposit (CDs) issues stood at 923.75 billion yuan, 246.89 billion yuan, 954.26 billion yuan, 1.07576 trillion yuan, 27.68 billion yuan and 1.80069 trillion yuan.

Turnover on China's interbank bond market reached 28.6 trillion yuan in November, with daily average at 1.30139 trillion yuan, up 28.6 percent year on year and 19.3 percent month on month. On the exchange bond market, cash bond turnover was 3.5 trillion yuan in November and daily averaged was 159.45 billion yuan, down 1.9 percent year on year and up 27.9 percent month on month.

By the end of November, aggregate bond outstanding on China's bond market mounted up to 144.5 trillion yuan, including 24.9 trillion yuan of T-bonds, 34.9 trillion yuan of local government bonds, 34.4 trillion yuan of financial bonds, 32.2 trillion yuan of corporate bonds, 2.4 trillion yuan of ABS, and 13.8 trillion yuan of interbank CDs.

Foreign investors owned in total 3.4 trillion yuan of bond holdings in China by the end of November, accounting for 2.4 percent of the gross outstanding bonds in the country. Their bond holdings on the interbank bond market were 3.3 trillion yuan, of which 68.2 percent are T-bonds and 22.6 percent are policy bank bonds. 

Editor: Yu Huichen