China continues to add U.S. treasuries in July

Updated 2017-09-20 09:30:54 Xinhua

China increased its holding of U.S. Treasury securities for the sixth consecutive month in July, and remained as the world's largest holder of U.S. treasuries.

China added its U.S. treasuries holding by 19.5 billion U.S. dollars in July, with the total holding up to 1.166 trillion U.S. dollars, the latest data from the U.S. Treasury Department showed on Monday.

In June, China reclaimed its position of the world's largest holder of U.S. Treasury securities.

Japan, which overtook China as the largest holder of U.S. treasuries in last October, raised its holding by 22.3 billion dollars to 1.1131 trillion dollars in July.

By the end of July, overall foreign holdings of U.S. Treasury securities rose to 6.2503 trillion U.S. dollars from June's 6.1716 trillion dollars.

With the appreciation of the Chinese currency and the sound economic performance at home, China's forex reserves rose for the seventh month in a row in August.

With sound economic fundamentals, wider openness and more stabilized market expectations, cross-border capital flows will continue to keep balanced and stable, said the State Administration of Foreign Exchange, China's foreign exchange regulator.

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