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Increased Capacity for Bond Issues

CDB issued RMB 1.17 trillion in bonds in 2014, bringing its cumulative bond total to over one trillion yuan. Direct retail access to bond offerings was improved with RMB 6.7 billion sold through retail bank channels, in addition to RMB 18 billion sold in exchanges. RMB bonds of 2.5 billion yuan were issued in Hong Kong and the first offering of renminbi bonds in London raised two billion yuan, further promoting the internationalization of the renminbi.

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