china UST China might have bought more UST through UK (暗度陈仓玩美债)

According to a latest study from Standard Chartered Bank, China has been slowing down in the direct purchase of US Treasury since January 2010. However, it is likely that China has been purchasing more US treasury through UK and Hongkong. Additionally, the FX inflow has been steadily decreasing since the beginning of 2010, reflecting a mildly bearish expectation of global capital on China’s growth in the near future.

根据渣打银行最新的一份研究显示,中国直接购买美国国债的数量从10年1月份开始即不停下降。但是中国可能通过其在香港和英国的代理购买了更多的美国国债。同时进入中国的外国资本从去年年底开始慢慢下降,目前还在继续下。从年初以来国际资本就预期中国的经济增速会放缓,因此对中国股市也都不太看好。

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