HONG KONG :Global investors are reducing their holdings of Chinese government bonds, a steady source of secure returns during the pandemic years, as they prepare for some monetary tightening in China and eye juicier stock markets in the reopened economy.China's bond market was the outlier in 2022 as global ce
HONG KONG :Global investors are reducing their holdings of Chinese government bonds, a steady source of secure returns during the pandemic years, as they prepare for some monetary tightening in China and eye juicier stock markets in the reopened economy.
Data from China's Bond Connect platform, the primary avenue for foreigners investing in mainland markets, shows foreigners sold roughly 616 billion yuan worth of bonds in 2022, taking their holdings down to 3.4 trillion yuan."If investors are saying that I want to trade the China recovery, the answer is not Chinese government bonds .
In contrast to the global tightening trend, China has been easing monetary policy over the past two years. That has helped its bond market outperform peers. “We haven’t increased our Chinese bonds exposure in our Asian fixed Income portfolios as there are other markets that present a bigger upside in capital gains,” he said.
"China bonds served as a very good type of diversifier, in particular over the past 3 years," said Pang. But as global rates hit a peak, it made sense to plough limited cash into better yielding markets, he said.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US in touch with allies over global Chinese balloon 'fleet'Chinese balloons have been spotted over countries across five continents. Read more at straitstimes.com.
Read more »
US says China balloon 'fleet' is global as NATO joins concernWASHINGTON: The United States said Wednesday (Feb 8) that suspected Chinese spy balloons like the one it shot down were part of a 'fleet' that has spanned five continents, as NATO joined in voicing concern. Pointing to global ramifications of the incident that has animated the United States, Secretary of S
Read more »
Chinese scientist says world should 'calm down' over China Covid-19 variantsThe variants in China were the same Omicron sub-variants seen elsewhere in the world, he said. Read more at straitstimes.com.
Read more »
A shot in the arm for global tourism industry: China DailyThe paper says China’s resumption of overseas travel for its citizens is undoubtedly welcome news for the global economy. Read more at straitstimes.com.
Read more »
World should 'calm down' about China Covid variants: Chinese scientistHONG KONG – The world should 'calm down' about the possibility of new Covid-19 variants circulating in China, leading Chinese scientist George Gao said. A paper by Gao and colleagues published in the Lancet medical journal on Wednesday (Feb 8) showed that no new variants had emerged in the initial weeks of China's recent outbreak, after the end of its...
Read more »
NFL-League well on way to becoming global sport, says GoodellPHOENIX : The National Football League is well on its way to becoming a global sport, said commissioner Roger Goodell on Wednesday, and will look to expand its European footprint with more games in Germany.Already a regular fixture on the British sporting calendar the NFL played its first regular season g
Read more »