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China's commercial banks sold a net $54.5 billion of foreign exchange in July, compared to $34.9 billion in June, according to the country's FX regulator. From January to July, the total net sales reached $168.2 billion. Meanwhile, foreign investors increased their holdings of onshore bonds by $20 billion in July, marking a 1.4-fold increase from the previous month, as reported by the State Administration of Foreign Exchange (SAFE). The People's Bank of China (PBOC) Shanghai Head Office reported that foreign holdings of yuan bonds on the interbank market stood at 4.46 trillion yuan at the end of July. Additionally, China injected a net 1.12 trillion yuan into the market this week through open market operations.
Japanese foreign bond investment totaled 1,539.2 billion, surpassing previous forecasts (-) and the previous figure of 669.7 billion.
China’s net increase in foreign holdings of domestic bonds was USD20 billion in July, up 1.4-fold from June, according to the SAFE. Foreign investors were still highly motivated to allocate Chinese yuan assets, as cross-border capital flow improved last month, the SAFE noted. https://t.co/aJK1H5Ua8B
⚡PBOC injects 137.8 billion yuan of 7-day RRP on Friday, the net injection comes to 124.9 bln yuan as 12.9 bln yuan is due today. The central bank injected 1.12 trillion yuan this week, postponing the MLF conduction until August 26. #China #liquidity https://t.co/2K3ajkfsGi
