China’s yuan bond market could attract US$400 billion a year over next decade, IIF research shows

Foreign flows to China’s local currency government bond market could balloon to US$400 billion annually, an analysis from the Institute of International Finance (IIF) showed.Central banks were behind 60 per cent of the flows to local currency Chinese government bonds in the first quarter of 2021 as allocation of reserves to Chinese bonds continued to increase, the data showed.While flows to Chinese bonds have continued to rise as the country opens up to foreign investors and its bonds are…


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