December 2, 2022

Foreigners offload Chinese language bonds for eighth straight month in

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SHANGHAI — Overseas buyers quickened the tempo at which they minimize holdings of Chinese language bonds in September, resulting in the eighth consecutive month of outflows – and the longest streak of outflows on file – weighed by a weakening yuan and U.S. financial tightening.

Overseas holdings of yuan-denominated bonds traded on China’s interbank market stood at 3.4 trillion yuan ($468.08 billion) at September-end, versus 3.48 trillion yuan a month earlier, the central financial institution’s…

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