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Bond issuance totals $346.8b in February

The value of bonds issued in China last month totaled 2.19 trillion yuan ($346.8 billion), according to data from the central bank. Of those issued, 2.09 trillion yuan of bonds were sold through the interbank bond market, according to the People's Bank of China. Treasury bond issuance stood at 120 billion yuan, while local government bond issuance was worth 28.56 billion yuan. By the end of February, the size of the outstanding bond market debt was 75.56 trillion yuan. A number of regulations were introduced last year to rein in financial risks as local government debt and corporate leverage increased. The central bank has pledged more efforts to improve the disposal of bond defaults, and to unify rules on the approval and information disclosure of corporate credit bond issuance.