The two largest fund management agencies in the UK said that Chinese sovereign bonds are becoming more attractive, because its valuation is improved and has lower volatility compared to many global similar products.

According to Bloomberg report, ABRDN PLC, who had just sold Chinese Treasury bonds three months ago, is considering buying, which has increased their attractiveness due to the increase in yields.M & G INVESTSS PLC said that relatively stability and winning RMB are two reasons for investors to buy.

Bloomberg's General Reward Index shows that China Treasury bonds may fall 8.5%this year, but this is better than falling 15%of the US Treasury bond index and 26%of British Treasury bonds.Some reasons for winning are that the Central Bank of China has adopted a relative monetary policy in order to boost the weak economy.

Louis Luo, a multi -asset investment director in Hong Kong, said: "As the yield has recently risen, we still want to re -enter the market." He said that any further decline will be in the curve 5The chance of adding positions to the 0th year is because it will benefit if it is lowered in the mid -term growth prospect.

He also said that Chinese bonds look more attractive than U.S. Treasury bonds, because even after foreign exchange shedding, the rate of return is higher, and investors will not work with the central bank.According to Bloomberg's aggregation data, the difference between China Treasury bonds after the benchmark US Treasury bond and the same period of currency is slightly lower than 60 basis points.

M & G Investments said that the relatively good performance of the RMB is another benefit to invest in Chinese bonds.

Although the RMB has depreciated by about 13%this year under the background of the rise of the US dollar, it is still better than the 17%of the pound and 23%of the yen.

However, not everyone looks like a British fund.

PineBridge Investments's emerging market fixed income team investment portfolio manager Andy Suen said the differentiation of US -China monetary policy will continue to expand the yield gap between the two countries, thereby restricting China's attractiveness.

But for HSBC Holdings, the diversified quality determines that Chinese bonds are "winning".Steven Major, the director of fixed income research in HSBC in Hong Kong, said: "I have been optimistic about the Chinese government for a long time ... In the global investment portfolio, Chinese government bonds are one of the safest layouts, allowing people to fall asleep peacefully at night."