Bond issuances in China in November totaled 627.11 billion yuan (US$103.44 billion), down 21.7 percent from the previous month and down 16.1 percent compared to a year earlier, Xinhua news agency reported Monday, citing the People’s Bank of China. Of the total, 589.7 billion yuan of bonds were issued on the interbank market, down 25.2 percent from a month earlier and down 16.2 percent from a year ago. For the eleven months to November, total bond issuances were up 13.9 percent from a year earlier at 8.4 trillion yuan. Of that, 8.1 trillion yuan of bonds were issued on the interbank market, up 12.8 percent. As of the end of November, the value of bonds under custody stood at 29.4 trillion yuan, the report said.
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