Foreign Bond Holdings.

According to data from the State Administration of Foreign Exchange (SAFE), foreign holdings of domestic bonds in China increased by $20 billion in July, a 1.4 times increase from the previous month. This growth is attributed to foreign investors' interest in renminbi assets as cross-border capital flow improved. China's foreign trade also experienced rapid growth during this period, resulting in a 48% month-on-month rise in net cross-border capital inflow under trade in goods, the highest level ever recorded. Additionally, China's commercial banks had a net foreign exchange settlement deficit of 388.8 billion yuan ($54.5 billion) in July. [Extracted from the article]