Foreigners Cut Chinese Bond Holdings First Time Since 2015
- Ownership of sovereign debt drops in January amid market slide
- Yuan depreciation pressures negative for inflows: SocGen
Why Money Keeps Flowing Out of China
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Foreign investors are losing their passion for Chinese government debt as prices slide.
Overseas funds sold a net 1.9 billion yuan ($277 million) of the nation’s sovereign bonds in January, the first reduction since October 2015, according to China Central Depository & Clearing Co. data released over the weekend. That’s after global institutions bought 175.2 billion yuan of the debt last year.