BEIJING – Overseas investors increased their holdings of Chinese bonds in June, marking a surge in purchases for 31 consecutive months, official data showed.

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As of June end, the total amount of yuan bonds owned by overseas institutions reached approximately 3.3 trillion yuan (about US$510.73 billion), up 36.57 billion yuan from a month earlier, data from China Central Depository & Clearing Co, Ltd. showed.

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In the first half of the year, overseas investors have increased their holdings of yuan-denominated bonds of over 450 billion yuan, up 40.67 percent year-on-year.