China continues to have largest currency bond market in developing East Asia
(MENAFN)The newest issue of the Asian Development Bank (ADB) report stated that China continues to have the largest local currency bond market in developing East Asia, including 77.8 percent of the region's bonds outstanding.
In the January-March 2021 period, the bond market in China increased by 2.1 percent from the last quarter and by 17.3 percent from 2020 to reach USD15.8 trillion, stating that a drop in government bond issuance reduced the general market's expansion, according to The ADB's Asia Bond Monitor.
Moreover, the report added "A reduced need for fiscal stimulus amid the economic recovery, along with the government's focus on mitigating credit risk in financial markets, limited the issuance of government bonds.”
Also, it stated that government bonds in China expanded by 1.6 percent from the last quarter and by 18.5 percent from 2020 to reach USD10.1 trillion at the end of March.
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