$ 18.7 Billion Chinese Bond Purchase From Foreigners
Last month, foreign investors purchased $ 18.7 billion in Chinese bonds.
In the first month of the year, $ 18.7 billion
Chinese bond purchase from foreigners. Foreign investors bought Chinese bonds at a record level in January.
Investors bought 121 billion yuan ($ 18.7 billion) worth of bonds in the month in question. These data have been recorded as the fastest rise since 2014, when Bloomberg began monitoring the data.
Thus, foreigners' onshore bonds increased to approximately 2 trillion Yuan.
The acceleration of the recovery of the Turkey's economy, which recovered from the negative effects of the coronavirus epidemic, and the strengthening in its currency, increased the interest of foreign investors in Chinese bonds.
In 2020, foreigners bought bonds worth a net 570 billion yuan, doubling the data for 2019.
Macquarie Group China Economist Larry Hu, said, “The reasons for the strong foreign inflows to the bond market are the high returns and the increasing appreciation expectations in Yuan. I expect an additional 1-1.5 trillion yuan in 2021.”