Foreign ownership of China's renminbi bonds surpasses $640 billion, hitting a historic high.

Foreign ownership of China's renminbi bonds has surpassed $640 billion, marking a historic high, according to the State Administration of Foreign Exchange. This surge is driven by attractive yields, contributing to market diversification and liquidity. Despite representing only 3-4% of domestic markets, foreign investment is expected to grow as the administration aims to enhance investment facilitation and create a supportive environment for international investors.

October 22, 2024
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