More from China’s SAFE – expects foreign investors to keep buying yuan-denominated assets

Earlier from the State Administration of Foreign Exchange (SAFE), China’s FX regulator:

More now:

  • Will focus on preventing external risks
  • China’s current
    account appears relatively strong resilience
  • Trend of maintaining
    reasonable current account surplus will not change
  • China’s savings
    ratio at relatively high level, helps current account maintaining
    reasonable surplus
  • Foreign investors
    net purchase $79 bln worth of onshore bonds, reversing net outflows
    last year
  • Expects foreign
    investors to continue buying yuan denominated assets
  • China’s bond market
    remains attractive
  • Sees room for stable
    and sustainable growth for foreign investment in china’s bond market

USD/CNH update:

This article was written by Eamonn Sheridan at Source