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China new bond offerings hit RMB983.57 trln in June, up 84.1pct y-o-y

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2014-07-23 GMT+8:00

BEIJING, July 21 (Xinhua) – Overall 983.57 billion yuan of new bonds were floated onChina's bond market in June, surging 84.1 percent year on year, says a monthly financial market report released by the People's Bank of China, the central bank on Monday.

Of the total, 961.46 billion yuan were issued on the interbank bond market, up 87.5 percent from June 2013.

In the first half, 5.4 trillion yuan of bonds were sold inChina, up 23.8 percent over the first half last year; and 5.3 trillion yuan of them were auctioned via the interbank bond market, up 26.9 percent year on year.

By end June,China's bonds outstanding totaled 32.2 trillion yuan, of which 30 trillion yuan or 93.2 percent were under custody on the country's interbank bond market.

From a different aspect, Chinese commercial banks held 66.7 percent of the 30 trillion bonds outstanding on the interbank bond market, down 0.7 percentage points from the end of 2013.

Non-banking financial institutions' holdings on the interbank bond market accounted for 9.5 percent, down 0.2 percentage point from end-2013, while non-legal person institutional investors and other investors owned 23.8 percent of the total, up 0.8 percentage points over the end of last year.

Besides, Chinese lenders, non-banking financial institutions and non-legal person institutional investors and others held respectively 49.2 percent, 11.3 percent, 31.7 percent and 2.4 percent of the unexpired corporate bonds on the interbank market by end June. (Edited by Hou Yujie, houyj@xinhua.org)

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