Foreign investors sold a net value of 110 billion yuan (US$16.37 billion) of China’s government debt last month, cutting their total overall holdings to 3.66 trillion yuan, the People’s Bank of China (PBOC) said on Wednesday. Photo: AP
China debt holdings slashed by over 100 billion yuan in May, Beijing eager to ‘safeguard’ currency
- Foreign investors sold 110 billion (US$16.37 billion) net of China’s government debt in May
- Total overall holdings fell to 3.66 trillion yuan after investors cut their holdings for the fourth consecutive month
Foreign investors sold a net value of 110 billion yuan (US$16.37 billion) of China’s government debt last month, cutting their total overall holdings to 3.66 trillion yuan, the People’s Bank of China (PBOC) said on Wednesday. Photo: AP
Corrected [11:46pm, 16 Jun, 2022]
- [11:46pm, 16 Jun, 2022]
This story has been corrected throughout to reflect the figure sold is 110 billion yuan and not 1 trillion yuan as previously stated.
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