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CHINA PRESS: Foreign Bond Holdings Up In August

CHINA PRESS
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International institutions held CNY4.52 trillion of bonds in China’s interbank market at the end of August, up CNY1.34 trillion during the past 12 months, data from the PBOC showed. In terms of bond type, foreign institutions held CNY2.28 trillion of government bonds, CNY1.12 trillion of interbank deposit certificates, and about CNY950 billion of policy bonds. Wu Chaoming, vice president at the Finance and Credit Research Institute, said RMB bonds' low correlation with developed and emerging market debt yields allowed foreign investors to diversify and hedge.

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International institutions held CNY4.52 trillion of bonds in China’s interbank market at the end of August, up CNY1.34 trillion during the past 12 months, data from the PBOC showed. In terms of bond type, foreign institutions held CNY2.28 trillion of government bonds, CNY1.12 trillion of interbank deposit certificates, and about CNY950 billion of policy bonds. Wu Chaoming, vice president at the Finance and Credit Research Institute, said RMB bonds' low correlation with developed and emerging market debt yields allowed foreign investors to diversify and hedge.