Foreign investment in Chinese fixed income is heavily skewed towards central gov bonds of which foreigners hold at least 8.5% in mid 2020 up from just 2.4% in February 2016 v. their share of corporate bonds, which is stuck around c. 0.7%.
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By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys
June 28, 2022
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys via daily shot newsletter from