Sovereign wealth funds are increasingly interested in buying China's domestic bonds to get a bigger foot in the world's second largest economy, benefit from good yields and diversify their exposure to more currencies.
Despite concerns over China's slowing growth, the giant industry, which manages countries' windfall revenues for future generations, is taking advantage of the gradual opening up to foreign investors of its mainland bond market worth over $3 trillion.
Norway's sovereign wealth fund said on Friday it had increased its exposure to Chinese government bonds, had already reached the ceiling of its quota for onshore Chinese assets and was seeking to increase it.
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