Foreign investors pulled $91B from China’s bond market last year

Foreign investors reduced their exposure to China’s domestic bond market last year, the first time they have become net sellers since the central bank started releasing data a decade ago.

Foreigners cut their holdings of yuan-denominated bonds by the net equivalent of $91 billion in 2022. It was the only net annual outflow since China’s central bank began publishing foreign ownership figures in 2013, according to data from two of China’s clear