Overseas investors purchase more bonds in April

Specifically, treasury bonds saw the largest month-on-month growth of 51.74 billion yuan, followed by bonds issued by policy banks.

As the COVID-19 uncertainties continue to weigh on the world economy, the stability of yuan-denominated assets will be a major focus of global investors, analysts said.

Photo/Shetuwang

The total amount of yuan bonds owned by overseas institutions reached 3.22 trillion yuan (about 499 billion U.S. dollars) as of the end of April, up 64.86 billion yuan from a month earlier, data from China Central Depository Clearing Co., Ltd. showed.

Overseas investors increased their holdings of Chinese bonds in April amid the countrys continued opening-up efforts.bet365