-
Foreign purchases of Chinese bonds double to US$19.4 billion in May as ‘hot money’ flows in
Foreign purchases of onshore Chinese bonds more than doubled in the May suggesting the world’s second-largest economy with its relatively high yields is becoming a magnet for hot money. According to figures released by the State Administration of Foreign Exchange on Friday, net purchases of bonds by foreign funds rose by 104 per cent from April to US$19.4 billion. Meanwhile, Chinese banks reported a 61 per cent increase in foreign exchange trading to US$23.8 billion, the agency said, suggesting a growing willingness among Chinese individuals and companies to convert US dollars into yuan. The figures confirmed the ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jun 21, 2020 3:39pm Jun 21, 2020 3:39pm
- OutThere
- Joined Aug 2018 | Status: Member | 932 Comments
- Comment #2
- Quote
- Jun 21, 2020 4:35pm Jun 21, 2020 4:35pm
- seaman2
- | Joined Feb 2013 | Status: Member | 629 Comments
- Comment #3
- Quote
- Jun 21, 2020 5:32pm Jun 21, 2020 5:32pm
- YYZ
- | Membership Revoked | Joined Nov 2019 | 122 Comments