Due to the continued heating up in Sino -US tensions, the scale of US securities sold by Chinese investors in May in May, with a total value of US $ 42.6 billion (S $ 57.2 billion).
Bloomberg reported that the latest data released by the US Ministry of Finance on Thursday (July 18) shows that the Chinese Fund sold US $ 42.6 billion in US long -term securities in May, including US Treasury, institutions and corporate bonds,stock.The total sales in the first five months of this year reached US $ 79.7 billion, a record high in the same period.
Global X management company's investment strategist in Sydney pointed out that Chinese investors may sell US securities due to uncertainty of the US presidential election to reduce risks.He also said that the possible political influence has led to a reduction in holding US dollar assets.
China is one of the largest overseas holders of US Treasury bonds. Bond investors and geopolitical strategists pay close attention to their capital trends.Sino -US tensions often cause guessing that China may transfer its foreign exchange reserves out of US assets, which may increase the upward pressure of yields.
Reports pointed out that since the end of 2017, China's U.S. Treasury bonds and bonds have decreased by 440 billion US dollars.During this period, the balance of securities in Belgium, which is regarded as the place where the Chinese custody account is located, increased by $ 159 billion.China's stock, institutional bonds and other debt have also increased, which shows that China may re -adjust its US dollar assets instead of cutting them.
