China reduced its US Treasury bond portfolio by $ 6.22 billion to $ 1.062 trillion amid strained relations with Washington in September. This was reported on Friday by the South China Morning Post, citing data from the US Treasury.
This was the lowest amount of these investments since February 2017. According to the publication, China is reducing its share in US debt for the fifth month in a row. At the same time, Beijing continues to increase investment in the Japanese government bond market – in the first nine months of this year, they grew by 73%.
In September, China’s Global Times reported that China could cut US treasury stocks by about 20 percent to $ 800 billion amid escalating tensions with Washington. Officially, the Chinese government does not disclose the size of this portfolio.
However, according to US statistics, Hong Kong reduced the portfolio of US Treasury bonds by $ 5.46 billion – to 245.47 billion in September. This is the lowest level since October 2019, according to the South China Morning Post.
On August 3, Alphabet issued bonds worth $10 billion. This is the largest issue of debt securities in the history of the company, according to the Reuters. With $ 10 billion bond tranche allocated $ 1 billion with a maturity of 5 years and a coupon of 0.45%. The $4.5 billion tranches with maturities of […]
On Tuesday, JPMorgan Chase announced the launch of its mobile payment service QuickAccept, and on Wednesday, Visa launched its application called Tap to Phone. The purpose of both programs is to offer sellers an easy way to accept contactless payments from customers via a smartphone or tablet. According to Visa, in the context of the […]
NextOn Tuesday, shares of the four largest US technology companies declined, as the 16-month government investigation of their competitive practices led to the first results in the form of 449-page report on their abuse of the market power. Shares of Apple, Amazon, Facebook and the parent company Google Alphabet fell to 2.9%, 3%, 2.26% and […]
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