China Issues Bonds Worth $11 Trillion In 2024
(MENAFN- The Peninsula)
QNA
Beijing: China's bond market maintained steady growth in 2024, achieving stable progress in opening up to foreign markets while the investor structure became more diversified.
A report issued by the People's bank of China (the central bank) on Saturday indicated that China issued various bonds worth 79.3 trillion yuan (approximately $10.94 trillion) last year, an 11.7 percent increase year-on-year. This included 70.4 trillion yuan in the interbank market and 8.9 trillion yuan in the exchange market.
Additionally, the volume of treasury bonds amounted to 12.4 trillion yuan last year, while the volume of local government bonds reached 9.8 trillion yuan.
Regarding opening up to foreign markets, the report showed that China's bond market became more stable and organized, with the balance of foreign institutional holdings in the market reaching 4.20 trillion yuan by the end of last year, representing 2.4 percent of the total market holdings.
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