China’s bond market issuances near 3.77t yuan in January

An undated file photo shows a clerk counting Renminbi bank notes in a bank in Nantong, East China's Jiangsu province. (PHOTO / XINHUA)

BEIJING – Bond issuances in China neared 3.77 trillion yuan (about $546.84 billion) in January 2023, data from the central bank shows.

Treasury bond issuances amounted to 643 billion yuan in this period, while local government bonds worth 643.49 billion yuan were issued, according to the People's Bank of China.

Issuances of financial bonds stood at 529.99 billion yuan in the same period, and issuances of corporate credit bonds hit 859.02 billion yuan.

ALSO READ: China promotes further opening in panda bond market

By the end of January, outstanding bonds held in custody totaled 144.9 trillion yuan, according to the bank.