By Rebecca Feng
Sept. 15, 2022 10:05 am ET
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Foreign investors cut their holdings of Chinese bonds by another $5.1 billion in August, a month marked by U.S. House Speaker Nancy Pelosi’s visit to Taiwan and surprise rate cuts by Beijing to help support its slackening economy.
Global investors have reduced their exposure to yuan-denominated bonds for seven months straight. They have decreased their ownership of these bonds by more than $85 billion—nearly 15% of the amount they held at the end of January, according to data from China Central Depository & Clearing Co. and the Shanghai Clearing House.