Foreign Holdings of China Bonds Exceed CNY3.6 Trillion: Journal

Foreign investors continue to snap up Chinese bonds with holdings rising for the 36th month to over CNY3.6 trillion, a sign of confidence in China’s economic prospects, the China Securities Journal reported citing data by China Central Depository & Clearing. China's sovereign bonds were the major component, up by CNY513.7 billion in November and totaling CNY2.39 trillion so far, the newspaper said. The pace of gain may slow though and investors may focus on long-term and diversified assets with the recovery of the global economy and nations' normalization of liquidity and interest rates, the newspaper said.