Foreign holdings of Chinese bonds reached 4.5 trillion yuan (about 634 billion U.S. dollars) by the end of July, marking a new high and showing that Chinese bonds remain an attractive investment for foreign investors, according to data from the People's Bank of China (PBOC) on Thursday.
Overseas institutions' holdings in China’s interbank bond market had risen for 11 consecutive months leading up to July, an increase in foreign holdings of as much as 1.28 trillion yuan (about 180 billion U.S. dollars), according to the country's central bank.
The Chinese yuan's share of global trade finance reached 6 percent in July for the first time in recent years, surpassing the euro for the second consecutive month, as China continues to support yuan-denominated cross-border financing and refinancing for trade, according to the PBOC.
Foreign holdings of Chinese Bonds hit record high
Authorities in east China's coastal provinces Zhejiang and Jiangsu have launched emergency evacuation of residents to help mitigate the impact of Typhoon Bebinca -- the 13th typhoon of the year.
In Zhejiang's Pinghu City, communities have started the relocation work. The old town area of Xindai, home to about 1,400 permanent residents, including some 30 percent elderly, has been a focus of evacuation efforts.
Over 50 elderly residents have been evacuated to a temporary courtyard shelter, where they have plenty of space for meals and walking around. The shelter is equipped with folding beds, food, drinking water and medical staff standing by to address any health concerns.
The province also raised its emergency response for typhoon prevention to level II.
In Jiangsu Province, Nantong City has conducted comprehensive safety inspections and organized evacuations in key areas.
Nantong's Rugao Port on the Yangtze River was shutdown on Sunday afternoon.
All workers at the Zhangjiagang-Jingjiang-Rugao Bridge construction site -- located at a river shoal -- are evacuated ahead of the storm attack.
"From the temporary ferry to the Rugao-Zhangjiagang ferry, we have evacuated a total of 428 people. So far, all construction personnel of the Zhangjinggao Bridge within the scope of this construction site have been evacuated to our shelter," said Ding Xiaoxing, chief engineer of Rugao Water Affairs Department.
Authorities in Nantong has evacuated more than 1,400 people and over 200 vessels along the coastal area under its jurisdiction.
Making landfall in Shanghai on Monday morning, Typhoon Bebinca is the most powerful tropical cyclone directly hitting the Chinese financial hub in more than seven decades.
Zhejiang, Jiangsu evacuate residents as Typhoon Bebinca lands in east China
