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August sees $641b of bonds issued

China issued bonds worth 4.4 trillion yuan ($641 billion) in August, according to central bank data. Treasury bond issuance stood at 369.5 billion yuan, while local government bond issuance was worth 883 billion yuan, according to the People's Bank of China. By the end of August, the size of outstanding bond market debt was 81.9 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 unify rules on approval and information disclosure of corporate credit bond issuance.

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