xysoom
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Joined: 26 May 2020
Location: China
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Posts: 64
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| Posted: 30 June 2020 at 08:51 | IP Logged
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Foreign Institutions Step Up Holdings of China Government
Bonds
Data shows foreign institutions increased holdings of
Chinas government bonds by 70,671 million yuan in April,
raising their holdings of yuan bonds for the 17th
consecutive month.To get more news about
W
ikiFX, you can visit wikifx news official website.
¡¡¡¡Bonds held by foreign institutions in CCDC amounted
2,001,136 million yuan, passing the 2 trillion mark for
the first time and an 30.45% increase year-on-year.
¡¡¡¡The continuous increase of foreign investment in
Chinese government bonds indicates that the Chinese bond
market is becoming more attractive to the external world
thanks to many reasons:
¡¡¡¡First, the opening up of China's bond market has
continued to accelerate, offering better access for
foreign capital to enter the Chinese bond market.
¡¡¡¡Second, China is on a track of fast economic recovery
after controlling the coronavirus pandemic effectively.
Renminbi assets, due to the currency¡®s relatively stable
exchange rate, has demonstrated its advantages as a safe-
haven, boosting foreign investors¡¯ confidence in the
Chinese market.
¡¡¡¡Third, after a new round of QE across the globe,
Chinese government bonds will benefit from the relatively
high spread compared with foreign bonds, and achieve
higher investment value.
 11/637248206118923455/ART637248206118923455_536802.jpg-
wikifx_articlepic">
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Topic: Foreign Institutions Step Up Holdings of
