China Sees Record Bond-Market Retreat by Foreign Investors
- Marks first monthly withdrawal by global investors since March
- Speculation that it could reflect Russian move to raise cash
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Foreign investors reduced their holdings of Chinese government bonds by the most ever last month as Russia’s invasion of Ukraine roiled fixed-income markets worldwide.
Overseas investors sold a net 35 billion yuan ($5.5 billion) of Chinese government bonds in February, marking the largest monthly cut on record and the first reduction since March 2021, according to data compiled by Bloomberg. Their holdings fell to 2.48 trillion yuan from a record 2.52 trillion in January.