China's bond market size reached 196.7 trillion yuan by the end of 2025.

Translation. Region: Russian Federation –

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

BEIJING, February 18 (Xinhua) — China's bond market balance under trust management stood at 196.7 trillion yuan (about 28 trillion U.S. dollars) at the end of 2025, the People's Bank of China (PBOC) reported.

The central bank's 2025 financial market performance report showed that net government bond financing in 2025 reached 13.8 trillion yuan, up 2.5 trillion yuan from 2024. Net corporate bond financing reached 2.4 trillion yuan, up 482.3 billion yuan from 2024.

Furthermore, as of the end of 2025, foreign institutional investors held 3.5 trillion yuan of funds under trust management in the Chinese bond market, accounting for 1.8 percent of the total amount of funds under trust management.

In 2025, the total issuance volume of panda bonds reached RMB 183.06 billion, and 56 new overseas institutional investors gained access to China's interbank bond market. -0-

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