BEIJING, Aug. 6 (Xinhua) -- Foreign institutions added 75.35 billion yuan of Renminbi-denominated bonds in July, reported Xinhua-run Xinhua Finance citing data with China Central Depository & Clearing Co., Ltd. (CCDC) on Thursday.
The figure was two times more than the 36.57 billion yuan of holdings increased by foreign institutional investors in June,presenting a new high since April this year.
By the end of July, foreign institutions held in total 3.38 trillion yuan of bonds under custody with CCDC, one of the central securities depositories in China providing registration, custody and transaction settlement services mainly for T-bonds, policy bank bonds, commercial bank bond and state-owned or controlled enterprise bonds.
In July, foreign institutions contributed 1.03 trillion yuan or 7.31 percent to the 14.04 trillion yuan of cash bond turnover on China's interbank bond market, showed data with CCDC.
Apart from foreign institutions, bond investors at home generally added their bond holdings last month, with the value of bonds under custody by commercial banks, insurers and securities brokers all increasing from June.
China witnessed in July offering of 1.95 trillion yuan of new bonds on the interbank bond market and 12.45 trillion yuan in the first seven months.
By products, Chinese local government bonds under custody with CCDC surged from the 27.41 trillion yuan in June to 27.77 trillion yuan in July, an increase of 363.73 billion yuan. In July, policy bank bonds under custody with CCDC increased 199.4 billion yuan from June while T-bonds under custody with CCDC dropped 181.75 billion yuan month on month. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
A single purchase
