China continues to add US treasuries in July

WASHINGTON - China increased its holding of US Treasury securities for the sixth consecutive month in July, and remained as the world's largest holder of US treasuries.

China added its US treasuries holding by $19.5 billion in July, with the total holding up to $1.166 trillion, the latest data from the US Treasury Department showed on Monday.

In June, China reclaimed its position of the world's largest holder of US Treasury securities.

Japan, which overtook China as the largest holder of US treasuries in last October, raised its holding by $22.3 billion to $1.1131 trillion in July.

By the end of July, overall foreign holdings of US Treasury securities rose to $6.2503 trillion from June's $6.1716 trillion.

With the appreciation of the Chinese currency and the sound economic performance at home, China's forex reserves rose for the seventh month in a row in August.

With sound economic fundamentals, wider openness and more stabilized market expectations, cross-border capital flows will continue to keep balanced and stable, said the State Administration of Foreign Exchange, China's foreign exchange regulator.