China Daily Website - Connecting China Connecting the World
USEUROPE AFRICAASIA 中文Français

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
Business\Markets

China's bond issuance reduces to 2.9 trillion yuan in May

Xinhua | Updated: 2017-06-20 17:03
BEIJING - The value of bonds issued in China totaled 2.9 trillion yuan ($426 billion) last month, down by about 100 billion yuan from April, the central bank said Tuesday.

Bonds issued on the interbank market reached 2.7 trillion yuan, data from the People's Bank of China (PBOC) showed.

The balance of outstanding bonds was 67.1 trillion yuan by the end of May, up from 66.9 trillion yuan at the end of April and 63.7 trillion yuan at the end of last year.

China supports development of direct financing to reduce costs of enterprises, allowing them to get funds by issuing shares or bonds, rather than from commercial banks.

PBOC said in February that the country will give full play to the bond market's role in raising the share of direct financing, containing financial risks and optimizing resource allocation.

In 2016, China issued 36.1 trillion yuan in various kinds of bonds, up 54.2 percent from 2015, data showed.

Today's Top News

Editor's picks

Most Viewed

China Daily Website - Connecting China Connecting the World
USEUROPE AFRICAASIA 中文Français

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US