Foreign investors ramped up holdings of yuan bonds in April as dollar crunch eases

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Foreign investors ramped up their holdings of Chinese yuan-denominated bonds in April after the coronavirus pandemic triggered a global flight to cash in the previous month.

Foreign investors' total trading of Chinese yuan denominated bonds reached 785.4 billion yuan last month, surging 106 per cent from a year earlier, leaving their net purchases at 141.4 billion yuan, shows data from the China Foreign Exchange Trading System.

Offshore holdings of Chinese government bonds stood at a record 1.39 trillion yuan at the end of April, up 3.8 per cent from a . . .

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