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.
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