BEIJING, April 8 (Xinhua) -- China's bond market hailed as high as 12 trillion yuan of new bond offerings in financing the real economy in the first quarter, reported Xinhua Finance, a financial information platform run by Xinhua News Agency.
From January to March, China's bond market maintained stable development, providing strong support for epidemic prevention and control and economic and social development.
Statistics from the People's Bank of China, the Chinese central bank, showed that the issued bonds in the first quarter increased 14 percent year on year.
Corporate debenture bonds and net financing rose noticeably, characterized by further improved bond financing by private enterprises.
In the first three months, corporate debenture bonds issues totaled three trillion yuan, up 35 percent year on year and their net financing exceeded 1.7 trillion yuan, over 800 billion yuan more than the increase in the comparable period of last year.
For private enterprises, their bond issues stood at around 210 billion yuan, up 50 percent year on year and their net financing was 93 billion yuan, marking a new high in nearly three years.
In the first quarter, China's bond market attracted more foreign investors. Foreign institutional investors that entered interbank bond market totaled 822 by the end of March, 26 more from the end of 2019 and their bond holdings grossed 2.26 trillion yuan with the quarterly net holdings increase at 59.70 billion yuan.
By the end of March, the total outstanding bonds on China's bond market was 103 trillion yuan, up four percent over the end of 2019 and ranking the second around the world. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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