A clerk counts cash at a bank in Haian, East China’s Jiangsu province, on June 24, 2020. [Photo/Sipa]

BEIJING – China’s exchange bond market balance reached 16.33 trillion yuan ($2.52 trillion) at the end of 2020, data from the China Securities Regulatory Commission (CSRC) shows.

Of the total exchange bonds, the balance of non-financial corporate bonds reached 9.18 trillion yuan. This accounted for about 40 percent of the balance of non-financial corporate bonds in the national bond market.

In the 14th Five-Year Plan period (2021-2025), the CSRC will continue to promote the high-quality development of the exchange bond market and support financing for enterprises, said Gao Li, a spokesperson with the CSRC.