China’s bond offerings totals USD11 trillion last year

2025-02-03 08:46:36

(MENAFN) In 2024, China’s bond market continued to grow steadily, with stable advancements in opening up to international markets and a more diverse investor structure.

On Saturday, the People's Bank of China (the central bank) released a statement pointed out that China issued several bond costing 79.3 trillion yuan (nearly USD10.94 trillion) in 2024, a year-on-year boost of 11.7 percent. It consisted of 70.4 trillion yuan in the interbank market along with 8.9 trillion yuan in the exchange market.

Moreover, the treasury bonds volume reached 12.4 trillion yuan last year while local government bonds volume came to 9.8 trillion yuan.

With regards to opening up to international markets, the report indicated that China’s bond market gained greater stability as well as organization, with holdings of the balance of international in the market reaching 4.20 trillion yuan before the end of 2024, reflecting 2.4 percent of overall market holdings.

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