The CGBRS Announced the RMB Bond Custody Volume of Overseas Institutions
The Central Government Bond Registration and Settlement Co., Ltd. announced that by the end of July, the RMB bond custody volume of overseas institutions reached 3,375.187 billion yuan, an increase of 75.352 billion yuan from June, a record high in the past five months. Industry experts said that the high interest rate differential between Chinese and U.S. bonds is the main reason for foreign investors to increase their holdings of RMB bonds and focus on treasury bonds, and although there are certain phase fluctuations in the allocation of RMB assets by foreign investors, it will still be a positive development trend for RMB assets in the medium to long term.
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