央行上海总部：截至2025年12月末 境外机构持有银行间市场债券3.46万亿元

Core Insights - The People's Bank of China (PBOC) Shanghai Headquarters reported that by the end of December 2025, foreign institutions are expected to hold 3.46 trillion yuan in the interbank bond market, accounting for approximately 2.0% of the total custody amount in this market [1] Group 1: Foreign Institution Holdings - Foreign institutions hold 2.01 trillion yuan in government bonds, representing 58.1% of their total bond holdings [1] - Policy financial bonds held by foreign institutions amount to 0.74 trillion yuan, making up 21.4% of the total [1] - Interbank certificates of deposit held by foreign institutions total 0.58 trillion yuan, which is 16.8% of their holdings [1] - Other types of bonds held by foreign institutions are valued at 0.13 trillion yuan, accounting for 3.8% [1] Group 2: Market Activity - In December 2025, six new foreign institutional entities entered the interbank bond market [1] - The trading volume of cash bonds by foreign institutions in the interbank bond market was approximately 1.07 trillion yuan in December 2025, with an average daily trading volume of about 46.4 billion yuan [1]