Free Trial

Foreign Investors Buying More Yuan Bonds Than Selling In July-Journal

CHINA PRESS
MNI (Singapore)

Foreign institutional investors brought a net ~CNY6.6 billion of yuan bonds in July, after four consecutive months of net sales, the China Securities Journal reported, citing data released by the China Foreign Exchange Trade System. Foreign investors brought ~CNY518.8 billion of yuan bonds in July, selling ~CNY512.3 billion, as the China-U.S. interest spread rebounded, and the yuan remained generally stable, the newspaper said, citing analysts. Foreign investors will steadily increase their holdings of yuan bonds in the long-term, with demand supported by Chinese economic fundamentals, the analysts said. They currently hold a total of CNY3.51 trillion of bonds purchased in the interbank market, accounting for only ~3% of China’s bond market, the newspaper said.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.