The Central Bank of the Republic of China released its October snapshot of China’s bond, money and securities markets, covering issuance, trading, custody positions and foreign participation. The bond market issued CNY 6.36tn of securities in October and total bonds in custody stood at CNY 194.6tn at end-October, with foreign institutions holding CNY 3.8tn, or 1.9% of the market. Issuance comprised CNY 1.17tn of central government bonds, CNY 0.56tn of local government bonds, CNY 0.80tn of financial bonds, CNY 1.18tn of corporate credit bonds, CNY 34.3bn of credit ABS and CNY 2.56tn of negotiable certificates of deposit. Interbank cash bond turnover reached CNY 26.6tn, up 10.2% year on year, while interbank lending turnover fell to CNY 6.8tn and bond repo turnover to CNY 131.5tn; weighted average interbank lending and pledged repo rates were 1.39% and 1.40%, each down 6 basis points month on month. Foreign holdings were concentrated in central government bonds at CNY 2.0tn, with CNY 0.8tn each in negotiable certificates of deposit and policy bank bonds, and corporate credit bond ownership and trading remained concentrated among large institutions, with the top 50 investors holding 53.2% of outstanding positions and accounting for 61.19% of trading.
Central Bank of the Republic of China 2025-11-30
Central Bank of the Republic of China publishes October market statistics showing CNY 6.36tn bond issuance and 1.9% foreign ownership
The Central Bank of the Republic of China reported October data on China's bond, money, and securities markets, noting CNY 6.36tn in bond issuance and CNY 194.6tn in total bonds in custody. Foreign institutions held CNY 3.8tn, or 1.9% of the market, primarily in central government bonds. Interbank cash bond turnover increased by 10.2% year on year to CNY 26.6tn, while interbank lending and bond repo turnover decreased.