Domestic bond markets

Domestic bond markets set to boom

As China rebalances its reserves away from dollars, Jerome Booth, head of research at asset manager Ashmore, predicts a boom in local currency bond markets.
March 05, 2012

News first reported by the Wall Street Journal last week appears to show a massive shift in the currency composition of China’s reserves. The numbers appear to show that the proportion of China’s $3.2 trillion that is invested in dollar assets had fallen from 65% to 54% from June 2010 to June 2011.

¬ Haymarket Media Limited. All rights reserved.

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