China offloads record $42.6bn in US stocks and bonds amid rising tensions

Chinese investors sold a record $42.6 billion in US stocks and bonds in May amid rising diplomatic tensions between the US and China. The sales, driven by concerns over the US presidential election and a desire to reduce risk, contributed to an unprecedented $79.7 billion in divestments for the year. This trend reflects broader shifts in China's investment strategy, including a preference for non-dollar assets.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

Join us for BizNews' first investment-focused conference on Thursday, 12 September, in Hermanus, featuring top experts like Frans Cronje, Piet Viljoen, and more. Get insights on electricity and exploiting SA's gas bounty from new and familiar faces. Register here.

By Masaki Kondo and Winnie Hsu

Chinese investors sold a record amount of US stocks and bonds in May as diplomatic tensions remained elevated between the world's largest economies.

___STEADY_PAYWALL___