Foreign investors saw a net increase of 41.6 billion US dollars in their holdings of China’s domestic bonds in the first quarter of 2024, official data showed on Thursday.
This figure is notably higher than the total net increase of 23 billion US dollars registered in 2023.
“Recently, overseas institutions’ investment in domestic bonds have increased significantly,” Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, told a press conference.
By the end of March, more than 1,100 overseas institutions from over 70 countries and regions entered the domestic bond market. Their bond holdings have exceeded 570 billion US dollars, accounting for around 2.6 percent of the total domestic bonds in custody, up 0.2 percentage points from the end of last year.
Overseas investment in domestic bond market sustains reasonable…
