China's capital markets experienced record outflows of $45.7 billion in November
The data tracking cross-border investments in stocks and bonds was released by China's foreign exchange regulator (the State Administration of Foreign Exchange (SAFE), which is overseen by the People's Bank of China) on Monday.
- portfolio investment income to $188.9 billion Cross-border portfolio investment income was $188.9 billion
- payments totaled $234.6 billion,
marking the largest monthly deficit in this sector.
The portfolio data follows other capital data in China which showed a similar trend.
China's central bank said on Monday that foreign institutions would cut their hold on Chinese onshore bonds for the third consecutive month in November.
Separately, the Institute of International Finance (IIF), which monitors global portfolio flows, recorded outflows last month in China's bond and stock markets:
The IIF said the strengthening of the US dollar following Donald Trump's victory helped shape portfolio flows in emerging markets including China.
