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| China's inter-bank bond issuance surges 49.2 pct in first 10 months |
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| www.chinaview.cn
2006-11-29 23:02:28
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BEIJING, Nov. 29 (Xinhua) -- Yuan-denominated bonds
issued on China's inter-bank bond market surged to 4.78 trillion yuan
(597.6billion U.S. dollars) in the first 10 months, up 49.2 percent from the
same period last year, according to central bank figures.
A report released Wednesday by the People's Bank of
China showed the T-bonds issued by the Ministry of Finance rose by 55 percent to
562.7 billion yuan and notes issued by the central bank increased by 52 percent
to 3.32 trillion yuan.
China's inter-bank bond market has developed quickly
with participants from commercial banks and non-bank financial institutions and
commercial firms.
The products and services include inter-bank loans,
government borrowing, and commercial bank, and financial and company bonds.
The report said financial bonds issued by commercial
banks dropped by 70.5 percent to 28.3 billion yuan, while corporate short-term
financing bonds soared 163.2 percent to 228.69 billion yuan.
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