LONDON: Foreign investors funnelled over US$3 billion into Chinese debt in July in the first net monthly inflows this year for the world's second-largest economy, data from the Institute of International Finance (IIF) showed on Thursday (Aug 10). Inflows were less than a third of the US$10.6 billion poured
LONDON: Foreign investors funnelled over US$3 billion into Chinese debt in July in the first net monthly inflows this year for the world's second-largest economy, data from the Institute of International Finance showed on Thursday .
"Diminished currency volatility enhances the allure of carrying offshore and is encouraging foreign creditors to benefit across EM local yield curves, making debt assets more attractive to foreign investors," IIF economist Jonathan Fortun wrote in a report, adding that bonds benefit from less volatility in the market.
July proved to be a benign month for emerging market assets more widely, with stocks attracting US$17.6 billion in net inflows from non-locals while US$15.2 billion was poured into bonds. On a monthly basis, flows to Asia were the strongest regionally at US$19 billion, followed by Latin America with US$7.8 billion. Emerging Europe saw inflows increase to US$4.8 billion from US$300 million in July 2022.
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