Beijing bourse gov't bond sales top 1.4 trln yuan

The Beijing Stock Exchange (BSE) assisted in issuing government bonds worth of around ¥1.42 trln (about $206.4 bln) by the end of February, data from the bourse showed. This was reported by The Xinhua News Agency.

Treasury bond issuances amounted to ¥1.17 trln, while local government bonds worth ¥243.11 bln were issued in the period, data from the BSE showed.

In February alone, the BSE issued ¥223.64 bln of government bonds, of which treasury bond sales reached ¥148 bln and local government bond sales totaled ¥75.64 bln, the data showed.

The bourse started the business of issuing local government bonds on July 29, 2022, and expanded to treasury bond issuance on September 2 in the same year.

The BSE said that it will officially launch government bond trading when all preparations are fully in place.