BEIJING, July 22 (Xinhua) -- China's primary market bond issues expanded to 6.59 trillion yuan in June, reported Xinhua Finance citing data released by the People's Bank of China (PBOC), the Chinese central bank on July 20.
The figure was much higher than the 4.91 trillion yuan in May this year and the 4.9 trillion yuan in June of 2021.
Chart I: Bond issues of varied types in China in June
| Bond type | Value of monthly issues (RMB bln) |
| T-bonds | 504.06 |
| Local government bonds | 1,933.66 |
| Financial bonds | 967.46 |
| Corporate bonds | 1,169.69 |
| Credit asset-backed securities | 44.68 |
| Interbank certificates of deposit (CDs) | 1,906.27 |
Data source: PBOC
By the end of June, the overall outstanding bonds on China's bond market increased to 141.7 trillion yuan.
Chart II: Outstanding bonds of varied types in China by the end of June
| Bond type | Value of outstanding ones (RMB trln) |
| T-bonds | 23.2 |
| Local government bonds | 34.3 |
| Financial bonds | 32.7 |
| Corporate bonds | 32.2 |
| Credit asset-backed securities | 2.5 |
| Interbank CDs | 14.7 |
Data source: PBOC
Foreign institutions held in total 3.64 trillion yuan of bonds on China's bond market, which took up 2.6 percent of the aggregate outstanding bonds on China's bond market and their holdings on interbank bond market by the end of June were 3.57 trillion yuan, of which 63.4 percent or 2.3 trillion yuan was T-bonds and 23.6 percent or 0.9 trillion yuan was policy bank bonds.
By activity of trading, cash bonds turnover on China's interbank bond market reached 22.5 trillion yuan in June, with average daily turnover at 1.07335 trillion yuan, up 21.7 percent year on year and 8.5 percent month on month. Cash bond turnover on exchange bond market rose to 4.7 trillion yuan in June, with average daily turnover of 225.38 billion yuan, up 119.2 percent year on year and 10.9 percent month on month. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
A single purchase
