Aug
09
Foreigners Strengthen Chinese Bond Holdings, Despite a Weakening Yuan
ByForeigners’ holdings of yuan-denominated, domestically traded bonds hit a record in July
SHANGHAI—Foreign investors kept piling into China’s $11.7 trillion bond market last month, despite a tumbling yuan and a narrowing gap between Chinese and U.S. interest rates.
Solid demand from central banks was probably a major driver, analysts said. These buyers hold yuan as part of their foreign-exchange reserves and can look past short-term currency moves. Chinese bonds are also due to join a major international index next year, which has lured money managers…
Foreigners Strengthen Chinese Bond Holdings, Despite a Weakening Yuan
