SHANGHAI (Reuters) – China’s capital markets witnessed a record outflow of $45.7 billion in November, according to official data tracking cross-border investments in stocks and bonds.
Cross-border receipts of portfolio investment totalled $188.9 billion while payments totalled $234.6 billion, resulting in the biggest monthly deficit under the item, according to forex regulator data released late on Monday.
The portfolio data follows other China capital data that showed a similar trend.
China’s central bank on Monday said that foreign institutions cut holdings in Chinese onshore bonds for the third consecutive month in November.
Separately, the Institute of International Finance (IIF), which tracks global portfolio flows, also recorded outflows last month in both China’s bond and stock markets.
The IIF said the strengthening of the U.S. dollar in the wake of Donald Trump’s victory helped shape portfolio flows in emerging markets including China.