Overseas buyers grasp more Chinese bonds

Overseas investors increased their holdings of Chinese bonds in June, marking a surge in purchases for 31 consecutive months. As at the end of June, the total amount of yuan-denominated bonds owned by overseas institutions reached about 3.3 trillion yuan ($510.73 billion), up 36.57 billion yuan from May, data from China Central Depository&Clearing Co Ltd showed.

Renminbi up vs several currencies

China's yuan strengthened against a basket of currencies last week, according to the China Foreign Exchange Trade System. The CFETS yuan exchange rate composite index, which measures the yuan's strength relative to a basket of currencies, gained 0.01 point to 98.22 on Friday, according to the CFETS.

Xinhua - China Daily