China adds U.S. treasuries holding for third month

Updated 2017-06-16 08:49:40 Xinhua

China increased its holding of U.S. Treasury securities in April for the third consecutive month, the latest data from the U.S. Treasury Department showed on Thursday.

China added its treasuries holding by 4.6 billion U.S. dollars in April, with the total holding up to 1.0922 trillion U.S. dollars.

China's forex reserves stood at 3.05 trillion U.S. dollars at the end of May, an increase of 24 billion U.S. dollars from that recorded at the end of April, according to China's forex regulator, the State Administration of Foreign Exchange (SAFE).

The forex reserves expanded for the fourth month in a row in May after capital flight pressure eased and the value of the renminbi strengthened.

Japan, which overtakes China as the largest holder of U.S. treasuries in last October, cut its holding by 12.4 billion dollars to 1.1069 trillion dollars in April.

By the end of April, overall foreign holdings of U.S. Treasury securities dropped to 6.0737 trillion U.S. dollars from March's 6.1023 trillion dollars.

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