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Foreign Investors To Increase Yuan Bond Holdings

CHINA PRESS
MNI (Singapore)

Foreign investors will likely continue to buy yuan bonds in the coming months, supported by the steady recovery of the Chinese economy and eased depreciation pressure of the yuan, Securities Times reported. Investors overseas have continued to increase net domestic bond holdings, with December recording a USD24.5 billion rise, a two-year high. Foreign investors increased their net holdings of yuan bonds by nearly CNY300 billion throughout 2023. They continued to hold China Government Bonds, bought policy bank deals and diversified their portfolio by holding interbank certificates of deposit.

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