Corporate, enterprise bond market of Beijing Stock Exchange starts trading

BEIJING - The corporate and enterprise bond market of the Beijing Stock Exchange (BSE) started trading on Monday, marking a key step in the bourse's high-quality development.

Three enterprise bonds worth 2.48 billion yuan ($348.9 million) in total have been issued on the first day of trading, according to the BSE.

"The official launch of the corporate and enterprise bond market is an important milestone for the development of the BSE," Wang Jianjun, vice-chairman of the China Securities Regulatory Commission, said at the launch ceremony.

The bourse said it has so far established a fundamental bond product system consisting of 10 special categories which include central government bonds, local government bonds, corporate and enterprise bonds, sci-tech innovation bonds and green bonds.

BSE's issuance of government bonds has topped 5.03 trillion yuan in total. Its issuance of central government bonds has accounted for 30 percent of all central government bond issuance in China's three stock exchanges in Shanghai, Shenzhen and Beijing, according to BSE chairman Zhou Guihua.