Arab Today, arab today china interbank bond sales down 44 percent
Last Updated : GMT 11:40:20
Arab Today, arab today
Arab Today, arab today

China interbank bond sales down 4.4 percent

Arab Today, arab today

Arab Today, arab today China interbank bond sales down 4.4 percent

Beijing - XINHUA

Bond sales on China's interbank market fell 4.4 percent year on year to 4.83 trillion yuan (754.7 billion U.S. dollars)in the first eight months of the year, according to the country's central bank. In August alone, interbank bond insurance amounted to 741.97 billion yuan, a decrease of 4 percent from July, data released by the People's Bank of China (PBOC) have shown. The proportion of bond offerings with terms less than five years and those longer than 10 years declined in August, while the ratio of those between five and 10 years gained during the period, according to the PBOC. By the end of August, China's outstanding bonds came in at 24.6 trillion yuan, of which 96.6 percent were contributed by the Interbank bond market, the central bank said.  

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