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Foreign Yuan Bond Purchases Seen Rising Further: Journal

CHINA PRESS
MNI (Singapore)

Foreign purchases of China’s domestic bonds are likely to continue to gain due to China’s resilient economy and a stronger yuan, the China Securities Journal reported citing economists. Institutional investors bought net CNY141 billion locally issued bonds last month, CNY51.6 billion more than in December, showing the attractiveness of yuan assets, the newspaper said citing monthly data by China’s forex trading center. Bond transactions by foreign investors in January rose 53% to CNY1.4 trillion, the journal said.

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