BUSINESS Overseas institutions hold more yuan bonds

BUSINESS

Overseas institutions hold more yuan bonds

Xinhua

11:08, March 04, 2020

BEIJING, March 4 (Xinhua) -- Despite the outbreak of the novel coronavirus, overseas investors have shown unabated confidence in the Chinese bond market by holding more yuan-denominated bonds.

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File photo: CGTN

At the end of February, the total amount of yuan bonds owned by overseas institutions under the depository of the China Central Depository & Clearing Co. (CCDC) rose 29.03 percent from a year earlier to 1.95 trillion yuan (about 281 billion U.S. dollars), the CCDC said on its website.

The amount was up 3.48 percent, or 65.7 billion yuan, from the end of January, representing the 15th straight month of increases, the data showed.

The strong growth in overseas holdings of yuan bonds was in part boosted by the Bond Connect program, a market access scheme launched in July 2017 that allows overseas investors to invest in the Chinese mainland's interbank bond market using financial institutions of the mainland and Hong Kong.


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