BEIJING, Jan. 19 (Xinhua) -- Overseas institutions added their bond holdings on China's interbank bond market in December 2022, with their aggregate holdings up to 3.39 trillion yuan, reported Xinhua Finance on Wednesday.
Compared with November 2022, their bond holdings on interbank bond market increased about 60 billion yuan in December last year, the report quoting data with the Shanghai Head Office of the People's Bank of China, the Chinese central bank said.
By the end of December 2022, overseas institutional investors held 2.7 percent of the total outstanding bonds on China's interbank bond market, including 2.29 trillion yuan of T-bonds and 0.75 trillion yuan of policy bank bonds, which accounted for 67.7 percent and 22 percent of their comparable aggregate respectively.
In December 2022, one more overseas institutional investor entered China's interbank bond market. By the end of 2022, there were altogether 1,071 overseas institutions trading bonds on China's interbank bond market.
Among them, 526 ones traded bonds via the China Interbank Bond Market (CIBM) Direct scheme and 784 ones conducted bond trading via the Bond Connect program. 239 ones traded bonds on the interbank bond market via both of the two channels.
Over the long run, the long-term trend for global investors to invest in RMB-denominated assets is unlikely to change and the bond market is expected to benefit from the trend, said analysts. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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