
Substantial Chinese net outflows from US equities and bonds over the past decade are a focus of research by DBS Group Research, led by FX & Credit Strategist Chang Wei Liang. Examining changes in China’s holdings of US securities, the study seeks evidence of de-dollarisation and considers how geopolitical tensions and sanctions risk are shaping the country’s portfolio allocation decisions.
"Given this backdrop, how have foreign holdings of USD assets changed over time, and is there any evidence of a “de-dollarisation” in financial assets?"

"Given the size and importance of China, we examine the trend in Chinese holdings of US securities over the last ten years."
"Chinese net outflows from US equities and bonds over the last decade have been substantial."
"But China’s de-dollarisation is not reflective of any broader trends across other countries."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)