Russian central bank, sovereign fund may hold $140 billion in Chinese bonds - ANZ Research

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Russia's central bank and sovereign wealth fund may account for nearly a quarter of foreign holdings of Chinese bonds, estimated ANZ Research, potentially offering shelter from Western sanctions imposed over Moscow's invasion of Ukraine.

The bank estimate yuan bond holdings of Russia's central bank and the Russian National Wealth Fund at $80 billion and $60 billion, respectively, according to the note. Foreign holdings of bonds on China's interbank bond market totalled . . .

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