The volume of yuan bonds owned by foreigners increased by 61% in July

The volume of yuan bonds owned by foreign investors and traded in China in July was 61% higher than in the same month last year and reached a record 1 trillion 350 billion yuan, according to China Central Depository&Clearing. One of the reasons for the record growth of the indicator is the strong demand from central banks of the world, which include the yuan in its foreign exchange reserves. According to The Wall Street Journal, next year it is expected to attract investment of management companies by including Chinese bonds in the calculation of large international indices. The volume of the bond market of China, which ranks third after the United States and Japan, is 11 trillion 700 billion dollars.

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