Off the wire
• Russian GDP up 0.1 pct in Oct.: minister  • Gunmen shot dead female gov't employee in Kabul  • China to host Silk Road cultural expo  • 6 killed, 1 injured in NW China car accident  • Sri Lanka's cabinet approves proposal to cut president's power  • Roundup: Hong Kong stocks close 0.34 pct lower  • Hong Kong stocks close 0.34 pct lower  • China's trust assets post unusual decline  • Natural disasters active on Tibetan plateau: report  • KMT chairman announces running mate for 2016 election  
You are here: 　 Home

China's bond issuance surging

Xinhua, November 18, 2015 Adjust font size:

Bonds issued in China in the first 10 months of 2015 reached 17.2 trillion yuan (2.7 trillion U.S. dollars), up 72.8 percent from a year earlier, the central bank said on Wednesday.

Of the bonds issued, 16.3 trillion yuan's worth were issued through the inter-bank bond market, 67.8 percent more than in the first 10 months of 2014, according to the People's Bank of China (PBOC).

Bonds issued in October alone hit 2.1 trillion yuan, up 88.7 percent year on year but lower than 2.5 trillion yuan in September.

The surging bond issuance suggested a lighter financing burden on Chinese firms. Financing costs for companies through bond issuance has been significantly reduced since 2014, the PBOC said. Endi