RMB'S "Down And Down" Overseas Fund Sees Buying Opportunities

According to China Central Depository &Clearing Co. ) and the data of Shanghai Clearing House, as of February 28th, Shanghai. Overseas investors The holdings of Chinese bonds reached a record 384 billion 100 million yuan (US $62 billion), up from 331 billion 900 million yuan at the end of 2013.

Schroder investment management company (Schroder Investment Management Ltd). It is considered attractive after the depreciation of RMB 2.8% this year, and Stratton Street Capital LLP is applying for entry into China. financial market Western Asset Management Co (Western)

Asset Management Co. It is estimated that RMB It will not depreciate for a long time.

"It must have been interesting to increase Renminbi positions at this level," said Rajeev De Mello, head of Asia's fixed income in Singapore, Schroder.

Rajeev De Mello reduced its holdings in February and is considering increasing Renminbi positions. He manages $10 billion.

Chinese policymakers are trying to prevent debt accumulation. On the one hand, they allow enterprises to default on their debts, and on the other hand, increase the volatility of exchange rates and interest rates. China is the second largest economy in the world.

China's central bank (PBOC) expanded its daily trading band to 2% in March 17th, after Morgan Chase JPMorgan Co. In a report, the US dollar will fall to 5.95 by the end of this year.

Andy Seaman, partner and fund manager of Stratton Street in London, said: "compared with other countries in the world, the yield of 4% and the prospect of RMB appreciation make China's national debt attractive." China's 10 - year treasury bond yields 4.51%, while US Treasury bonds yield 2.77%.

The yuan reached 6.0406 yuan against the US dollar in January 14th. Last year, the rise of 2.9% was the highest in Asian currencies. But then the renminbi weakened, and the Central Bank of China encouraged greater volatility to prevent capital inflows caused by the unilateral appreciation of the renminbi.