Chinese Bond Issuance Exceeds 4.8 Trillion Yuan in July

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The Chinese bond market saw over 4.8 trillion yuan in bond issuance in the month of July, amidst a push from the central government for stabilisation of China’s economy.

Data from the People’s Bank of China (PBOC) indicates that 4.859 trillion yuan in bonds were issued on the Chinese market in July, including 1.05358 trillion yuan in government bonds and 406.31 billion yuan in local government bonds.

July also saw the issuance of 762.96 billion yuan in financial bonds, 1.13869 trillion yuan in company credit bonds, 9.74 billion yuan in asset-backed securities, and 1.4645 trillion in interbank certificates of deposit.

As of the end of July the bond market custody balance was 141.9 trillion yuan, including a government bond custody balance of 23.5 trillion yuan, a local government bond custody balance of 34.5 trillion yuan, a financial bond custody balance of 32.8 trillion yuan, and a company credit bond custody balance of 32.2 trillion yuan.

The asset-backed securities custody balance was 2.5 trillion yuan, and the interbank certificate of deposit custody balance was 14.4 trillion yuan.