Chinese local governments issued 1.2 trillion yuan bonds in August, second highest on record

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Chinese local governments accelerated bond issuance in August, with total bond sales hitting the second highest monthly on record, to boost investment and support the coronavirus-hit economy.

Local governments issued nearly 1.2 trillion yuan worth of bonds in August, the second highest one-month amount on record, after 1.3 trillion yuan in May this year, according to data from Wind Information.

For the first eight months of the year, they issued a total of 4.96 trillion yuan bonds, including 3.75 trillion yuan new bonds, which accounted for 79.2 per . . .

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