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Overseas investors’ holdings of yuan-denominated bonds increased in January for the 14th consecutive month. Their buying picks up recently on expectation that Chinese central bank will introduce more monetary easing to shore up the economy, which will boost bond prices.
Overseas investors bought net 5.42 billion yuan worth of yuan-denominated bonds last month, rising for the 14th consecutive month, taking their total holdings to 1.89 trillion yuan, shows data from the China Foreign Exchange Trade System (CFETS).
The ongoing coronavirus outbreak is increasing overseas investors’ interest in yuan bonds, said Timothy . . .
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