SHANGHAI: Foreign holdings of Chinese yuan bonds hit fresh highs in June as attractive yield premiums continued to lure investors, official data showed.
Offshore investors held yuan-denominated Chinese bonds worth a total of 2.51 trillion yuan (US$355.9bil) at the end of June, according to Reuters calculations using official data from interbank market clearing houses China Central Depository and Clearing Co and the Shanghai Clearing House.
That was an increase of 3.4% from the previous month and a record high. Foreign investors raised their holdings of Chinese bonds by 14.6% in the first half of 2020, the data showed. — Reuters