中国债券市场到2025年底增长到196.7万亿元,政府和公司债券融资不断增加,外国投资增加。 China's bond market grew to 196.7 trillion yuan by end-2025, with rising government and corporate bond financing and increased foreign investment.

中国债券市场保管余额到2025年底达到196.7万亿人民币,政府债券净融资额为13.8万亿人民币,公司债券净融资额为2.4万亿人民币,两者均比2024年增加。 China's bond market custody balance hit 196.7 trillion yuan by end-2025, with government bond net financing at 13.8 trillion yuan and corporate bond net financing at 2.4 trillion yuan, both up from 2024. 外国机构持有的外汇达到3.5万亿元,占总额的1.8%,而Panda债券发行总额达183.06亿元,56个海外新机构进入银行间市场。 Foreign institutional holdings reached 3.5 trillion yuan, or 1.8% of the total, while Panda bond issuance totaled 183.06 billion yuan and 56 new overseas institutions joined the interbank market.