Foreigners resume cutting Chinese bond holdings in January 

SHANGHAI: Foreign investors resumed cutting their holdings of China’s onshore bonds in January following a rare increase a month earlier, official data showed over the weekend, as improved risk appetite drew cash into equities and pressured debt markets. 

Foreign holdings of yuan-denominated bonds traded on China’s interbank market stood at 3.28 trillion yuan ($477.7 billion) at end-January, down from 3.39 trillion yuan at the end of last year, the central bank’s Shanghai head office said.