State Administration of Foreign Exchange: Foreign Investors increased their holdings of domestic stocks and funds by US$10.1 billion in the first half of the year. It is expected that foreign investment will continue to gradually increase in renminbi assets.

According to the Securities Times app, Jia Ning, director of the International Balance of Payments Department of the State Administration of Foreign Exchange, stated at a press conference on July 22 that foreign investment in domestic stocks has shown overall improvement recently. In the first half of the year, foreign investment in domestic stocks and funds increased by a net amount of 10.1 billion US dollars, reversing the trend of overall net selling in the past two years. Especially in May and June, the net increase in holdings increased to 18.8 billion US dollars, indicating a stronger willingness of global capital to allocate to the domestic stock market. The State Administration of Foreign Exchange believes that foreign investment in Renminbi assets still has a stable and sustainable growth space in the future. Currently, the market value of overseas investors holding domestic bonds and stocks accounts for about 3%-4%, supported by multiple positive factors, it is expected that foreign investment will continue to gradually increase their allocation to Renminbi assets.