BEIJING, March 22 (Xinhua) -- Bond issues in China grossed 3.4 trillion yuan in February, reported Xinhua-run Xinhua Finance citing data from the People's Bank of China, Chinese central bank.
In February, cash bond turnover mounted up to 10.9 trillion yuan on China's interbank bond market, with daily turnover averaged 640.38 billion yuan, up 30.4 percent year on year and down 20.9 percent month on month.
On the exchange-based bond market, monthly cash bond turnover was 1.2 trillion yuan and average daily turnover was 83.07 billion yuan, up 109.2 percent year on year and down 20 percent over February.
Chart I: Issues of various bond products in China in February
| Type of Bonds | Monthly Issues (RMB bln) |
| T-bond | 373 |
| Local government bond | 55.72 |
| Financial bond | 484.16 |
| Corporate debenture bond | 613.39 |
| Credit asset-backed securities | 36.42 |
| Interbank CDs | 1,800 |
Chart II: Outstanding bonds in China's bond market by end-February
| Type of Bonds | Balances (RMB trln) |
| T-bond | 20.1 |
| Local government bond | 25.8 |
| Financial bond | 28.1 |
| Corporate debenture bond | 28.6 |
| Credit asset-backed securities | 2.2 |
| Interbank CDs | 11.5 |
By the end of February, the total outstanding bonds in China's bond market reached 118.4 trillion yuan. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
A single purchase
