BEIJING, June 9 (Xinhua) -- Foreign institutions completed a net purchase of 167.609 billion yuan of bonds on China's interbank bond market last month, up 18.2 percent since April, according to statistics released by Shanghai Head Office of the People's Bank of China, the Chinese central bank.
In May, foreign investors purchased 527.271 billion yuan of bonds on interbank bond market and sold 359.663 billion yuan at the same time. Their monthly cash bond turnover stood at 886.934 billion yuan, with the daily average at 46.681 billion yuan.
By the end of last month, bonds held by foreign institutional buyers on China's interbank bond market grossed 2.43 trillion yuan, up 114.593 billion yuan from the end of April and accounting for 2.6 percent of the total bonds under custody on the interbank bond market.
By bond types, they favored China's Treasury bonds and policy bank bonds, with respective amounts under custody at 1.45 trillion yuan and 598.005 billion yuan, taking up 59.8 percent and 24.6 percent of their aggregate holdings of the type under custody.
Last month, 12 new foreign institutions entered China's interbank bond market, lifting the total up to 828 ones. Among them, 450 foreign institutions traded bonds on the interbank bond market via direct investment channel and 548 ones entered the market via the Bond Connect, a program between the Chinese mainland and Hong Kong allowing investors to trade bonds on each other's interbank bond markets. Via both of the two channels, 170 foreign buyers conducted bond transactions on interbank bond market in May. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
A single purchase
