BEIJING, Sept. 24 (Xinhua) -- Overseas institutional investors added for the 12th straight month their holdings on interbank bond market in August, reported Xinhua Finance citing data released by the Shanghai Head Office of the People's Bank of China recently.
By August 31, overseas investors held in total 4.52 trillion of bonds on the interbank bond market, an increase of 1.34 trillion yuan in the past 12 months from September 2023 to August 2024.
Ming Ming, chief economist with CITIC Securities, said that overseas institutions kept pumping their capitals into Renminbi-denominated assets such as stocks, bonds and others despite their differences in target assets out of different asset allocation and trading strategies.
All of these pointed to overseas investors' solid confidence in the stability of RMB's value and optimism about China's economic fundamental and financial environment, noted Ming.
In the following period, China's bond market, which boasts certain risk diversification functions thanks to its relatively independence, is expected to remain attractive for overseas investors, according to Ming.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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