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Foreign purchases of Chinese bonds double to US$19.4 billion in May as ‘hot money’ flows in

Summary:
[unable to retrieve full-text content]Foreign purchases of onshore Chinese bonds more than doubled in the May suggesting the world’s second-largest economy with its relatively high yields is becoming a magnet for hot money.According to figures released by the State Administration of Foreign Exchange on Friday, net purchases of bonds by foreign funds rose by 104 per cent from April to US.4 billion.Meanwhile, Chinese banks reported a 61 per cent increase in foreign exchange trading to US.8 billion, the agency said, suggesting a…

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[unable to retrieve full-text content]
Foreign purchases of onshore Chinese bonds more than doubled in the May suggesting the world’s second-largest economy with its relatively high yields is becoming a magnet for hot money.According to figures released by the State Administration of Foreign Exchange on Friday, net purchases of bonds by foreign funds rose by 104 per cent from April to US$19.4 billion.Meanwhile, Chinese banks reported a 61 per cent increase in foreign exchange trading to US$23.8 billion, the agency said, suggesting a…

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