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Bonds on the up
Source: Xinhua |
February 14, 2011, Monday
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Print Edition
Print Edition
THE People's Bank of China, the central bank, said on Saturday the country had issued 5.1 trillion yuan (US$773.3 billion) worth of bonds in 2010, an increase of 3.1 percent over that in 2009.
National debt, debt issued by policy banks and short-term financing bonds contributed mainly to the bond market expansion last year, said a central bank statement posted online.
The central bank also noted that the total value of bonds in China's inter-bank market soared 21.5 percent year on year to 15.8 trillion yuan at the end of 2010. Last year, the Ministry of Finance issued 1.7 -trillion yuan of bonds via the -inter-bank market.
Currently, China's inter-bank issuers include the Ministry of Finance, policy banks, Ministry of Railways, commercial banks and other financial institutions.
National debt, debt issued by policy banks and short-term financing bonds contributed mainly to the bond market expansion last year, said a central bank statement posted online.
The central bank also noted that the total value of bonds in China's inter-bank market soared 21.5 percent year on year to 15.8 trillion yuan at the end of 2010. Last year, the Ministry of Finance issued 1.7 -trillion yuan of bonds via the -inter-bank market.
Currently, China's inter-bank issuers include the Ministry of Finance, policy banks, Ministry of Railways, commercial banks and other financial institutions.
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