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Foreign Investors See Growing Enthusiasm For Yuan Assets

CHINA PRESS
MNI (Singapore)
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Foreign investors may further increase their allocation to China’s bond market, as the yuan faces less depreciation pressure amid weakening overseas economic data and China may have greater easing space in monetary policy, expected to drive short-term yields down, Shanghai Securities News reported citing Xu Zhaoting, general manager at Deutsche Bank’s China Investment Banking Department. Foreign institutional investors have increased their holdings of Chinese bonds for eight consecutive months to April, with a net purchase of domestic bonds and stocks recording CNY124.7 billion and CNY45.1 billion. By end-April, foreign institutions held CNY4.05 trillion of bonds in China’s interbank market, accounting for about 2.9% of the total custody volume.

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Foreign investors may further increase their allocation to China’s bond market, as the yuan faces less depreciation pressure amid weakening overseas economic data and China may have greater easing space in monetary policy, expected to drive short-term yields down, Shanghai Securities News reported citing Xu Zhaoting, general manager at Deutsche Bank’s China Investment Banking Department. Foreign institutional investors have increased their holdings of Chinese bonds for eight consecutive months to April, with a net purchase of domestic bonds and stocks recording CNY124.7 billion and CNY45.1 billion. By end-April, foreign institutions held CNY4.05 trillion of bonds in China’s interbank market, accounting for about 2.9% of the total custody volume.