China debt: foreign holdings of government bonds topped 10 per cent for first time in January

//China debt: foreign holdings of government bonds topped 10 per cent for first time in January

China debt: foreign holdings of government bonds topped 10 per cent for first time in January

Foreign investors held more than a tenth of all outstanding Chinese government bonds for the first time in January, official data showed, as demand surged on a combination of higher yields and a stronger yuan.Total offshore holdings of Chinese government bonds stood just shy of 2 trillion yuan (US$310 billion) at the end of January, according to data from China Central Depository and Clearing Corporation (CCDC), the main interbank bond market clearing house.That accounted for 10.3 per cent of…

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By | 2021-02-04T04:52:34+00:00 February 4th, 2021|Business|Comments Off on China debt: foreign holdings of government bonds topped 10 per cent for first time in January