The new trend of global investors positioning themselves in Renminbi assets: "bonds are cold, stocks are hot"

The new trend of global investors positioning themselves in RMB assets has attracted attention: on one hand, foreign institutional investors have been reducing their holdings of RMB bonds for several consecutive months; on the other hand, global funds are showing great enthusiasm for the Chinese stock market and remain optimistic. The current "cold bonds, hot stocks" trend is a reflection of international capital's repositioning in RMB assets. Regarding the cooling enthusiasm of global funds for RMB bond allocations, reporters have learned from industry insiders that interest differentials, the stock market boom, and declining exchange rate returns are important influencing factors.