Caixin
Nov 17, 2022 07:05 PM
FINANCE

Global Exodus From China Bonds Extends Amid Sell-Off

Motorists pass through an intersection in Beijing on Oct. 24. Photo: Bloomberg
Motorists pass through an intersection in Beijing on Oct. 24. Photo: Bloomberg

(Bloomberg) — Global investors reduced their holdings of China bonds in the onshore market for a ninth-month running in October amid concerns over policy uncertainty spurred by President Xi Jinping’s consolidation of power.

The amount of Chinese bonds held by foreign investors in the interbank market declined by 26.5 billion yuan ($3.8 billion) in October, after a drop of 70.7 billion yuan in the previous month, according to data from China Central & Depository Clearing Co. Ltd. and Shanghai Clearing House. That brings bond outflows in the first 10 months of the year to 625 billion yuan.

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