Overseas investors increased their holdings of Chinese sovereign bonds by a record in September before the yuan entered the IMF’s reserves basket.
Foreign institutions bought a net 41 billion yuan ($6.1 billion) of government securities to boost their holdings to 385.97 billion yuan, according to data from China Central Depository & Clearing Co. That’s more than three times the average monthly increase this year, and extends an unprecedented buying streak to 11 months.
