Foreign holdings of China bonds hit record in May on stronger yuan

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Foreign investors held a record amount of Chinese yuan bonds at the end of May as strengthening of the currency increased the appeal of yuan-denominated assets.

Holdings by offshore investors of bonds traded in China's interbank market stood at 3.68 trillion yuan ($575 billion) at the end of May, according to data released by China Central Depository & Clearing Co and the Shanghai Clearing House. That was up 1.7 per cent, or 61.47 billion yuan, from the previous month.

Offshore investors held a record 2.12 trillion yuan of Chinese . . .

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