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Foreigners Boost China Sovereign Debt Holdings Amid Yuan Gains

  • Global funds add $13.8 billion Chinese bonds, most since Jan.
  • Total Chinese government bond holdings grow to a record high
Hong Kong Dollar, Chinese Yuan and US Dollar Banknotes As Currency Peg Intervention From HKMA Continues Into Third Day
Photographer: Paul Yeung/Bloomberg

Foreign investors boosted their Chinese government bond holdings last month by the most since January as the yuan’s gains raised the attractiveness if the nation’s debt. 

Overseas investors bought 87.9 billion yuan ($13.8 billion) of the bonds last month, more than three times their October purchases, according to data from ChinaBond. Their overall holdings surged to a record-high of 2.39 trillion yuan.