BEIJING, Jan. 27 (Xinhua) -- China witnessed a 26.5 percent year-on-year rise in new issues of bonds of various types in 2020, reported Xinhua-run Xinhua Finance, a financial platform citing data from the Chinese central bank, the People's Bank of China (PBOC) Tuesday.
Last year, new bond issues mounted up to 57.3 trillion yuan, including 48.5 trillion yuan of bonds issued on China's interbank bond market, up 27.5 percent year on year. By the end of 2020, outstanding bonds under custody in China's bond market reached 117 trillion yuan, of which 100.7 trillion yuan were contributed by the interbank bond market.
By products, new issues of Treasury bonds, local government bonds, policy bank bonds, government-backed institution bonds, asset-backed securities, interbank certificates of deposit (CDs) and corporate debenture bonds stood at 7 trillion yuan, 6.4 trillion yuan, 9.3 trillion yuan, 358 billion yuan, 2.3 trillion yuan, 19 trillion yuan and 12.2 trillion yuan respectively in 2020.
On the secondary market, total cash bond turnover expanded 16.5 percent year on year to 253 trillion yuan, with interbank bond market's up 12 percent to 232.8 trillion yuan and exchange bond markets' up 142.6 percent to 20.2 trillion yuan.
In 2020, yield of bonds in China generally moved upward. By the end of last year, 1-year, 3-year, 5-year, 7-year and 10-year T-bond yields went up 11 basis points (bp), 9 bps, 6 bps, 13 bps and 1 bp to 2.47 percent, 2.82 percent, 2.95 percent, 3.17 percent and 3.14 percent. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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