Global investors bought a record 4.3 tln yuan in yuan-denominated Chinese govt bonds in Q2, as the bonds becoming the new safe haven for global investors, data provider CEIC showed. Total holdings of Chinese govt bonds by foreign investors have reached 1.5 tln yuan.
Investors seeking shelter from the turbulence in markets have found a new haven: Chinese sovereign bonds.
Foreign capital flowed into locally denominated Chinese government bonds in the second quarter at the fastest pace since late 2018, according to data from CEIC, an economic data provider. It surpassed 4.3 trillion yuan ($619 billion), the highest on record. https://www.wsj.com/articles/investors-find-new-safe-place-to-hide-chinese-bonds-11594632600