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The local government bond depositary..........>

CHINA
CHINA: The local government bond depositary balance grew CNY999.7 billion in
July, the highest level in 13 months, according to data from China Central
Depository and Clearing Company, the official bond clearing house, Wind reported
Thursday. The outstanding depositary balance of local government bonds totaled
CNY47.44 trillion as of the end of July. The bond depositary balance of foreign
institutions rose by CNY37.8 billion in July, the biggest expansion since last
October, after the Bond Connect program launched its initial "Northbound" phase
-- an indication that foreign investors are increasing their holdings of Chinese
bonds. (Wind)

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