Off the wire
Xinhua China news advisory -- June 3  • Garden festival kicks off in Ireland, attracts residents, visitors  • Venezuela sends aid to Cuba after tropical storm Alberto  • Venezuela prepares list of political opponents to be freed from jail  • JSE edges weaker as firmer South African rand pulls down mines  • JSE closes lower as U.S. dollar continues to gain  • JSE closes higher buoyed by banks and general retailers  • Microsoft eyes establishing software start-up in Turkey  • Chinese mainland claims 6 of world's top 100 universities in latest THE rankings  • U.S.-EU trade war could "devastate" Irish whiskey industry: IWA  
You are here:   News/

Overseas holdings of Chinese bonds top 2 trln yuan

Xinhua,August 19, 2019 Adjust font size:

A worker counts Chinese currency Renminbi (RMB) at a bank in Linyi, east China's Shandong Province. (Xinhua/Zhang Chunlei) 

Global investors showed a rising appetite for buying Chinese bonds amid the country's continuous efforts on opening its bond market.

Overseas institutions owned a total of more than 2 trillion yuan (about 285 billion U.S. dollars) worth of Chinese bonds at the end of July, according to the Shanghai Clearing House and the China Central Depository & Clearing Co., Ltd.

The net increase of bonds purchased by global investors reached 41.6 billion U.S. dollars in the first half of this year, according to the State Administration of Foreign Exchange.

Increasing foreign holdings of yuan bonds would not only boost China's bond market, but also diversify the structure of bond investors, said Fan Ruoying, a researcher with the Bank of China.

To further increase foreign investors' involvement in China's bond market, the country last month has announced a slew of measures including allowing foreign-funded institutions to conduct credit rating business with all kinds of bonds in China's inter-bank and exchange bond market. 


Bookmark and Share