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Foreign holdings of Chinese bonds rise for 27th month

Abstract : Overseas investors raised their holdings of Chinese bonds for the 27th month in a row in February despite a narrowing spread between Chinese government bonds and their foreign counterparts.

BEIJING, March 4 (Xinhua) — Overseas investors raised their holdings
of Chinese bonds for the 27th month in a row in February despite a
narrowing spread between Chinese government bonds and their foreign
counterparts.

Overseas investors held a total of 3.15 trillion yuan (about 486.4
billion U.S. dollars) of Chinese bonds by the end of February, rising
3.13 percent from a month earlier, data from China Central Depository
& Clearing Co. Ltd. showed.

Market transactions were also robust, with trading volumes among foreign investors amounting to 671.8 billion yuan last month.

With a strong rebound in the fourth quarter, China’s economy expanded
2.3 percent in 2020, becoming the only major economy to achieve
positive growth in the pandemic-ravaged year.

Although the yield of foreign long-term government bonds had seen a
notable rise since late January, the narrowing spread had not yet
incurred visible impacts on foreign purchase of Chinese bonds.

Data from financial service provider Wind showed as of March 2, the
spread between Chinese 10-year government bonds and their U.S.
counterparts came in at 183 basis points, narrowing from the 249 basis
points seen in November last year.

As the pandemic gradually came under control and economic recovery
gained steam, the monetary easing policies in major economies may exit,
which is likely to bring changes in capital flows, the Chinese central
bank said in a recent policy report, warning against related risks.
Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: Foreign holdings of Chinese bonds rise for 27th month

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