China's debt financing instrument market exceeds 11t yuan

The scale of China's debt financing instrument market has exceeded 11 trillion yuan ($1.56 trillion), according to the National Association of Financial Market Institutional Investors (NAFMII).

In the first half of 2019, the amount of debt financing instruments issued by non-financial enterprises reached 3.2 trillion yuan, increasing about 30 percent year-on-year, NAFMII data showed.

To continuously improve and complete the system of poverty alleviation bills, China had issued five poverty alleviation bills with a value of 7.25 billion yuan in the first half of 2019. A total of 30 cumulative bills of 34.5 billion yuan had been issued by June.

Poverty alleviation bills are mainly used for industrial development and infrastructure construction in poverty-stricken areas.

By June, 61 cumulative firms had registered green debt financing instruments of 131.49 billion yuan while instruments totaling 62.62 billion yuan had been issued, the NAFMII said.