路透：中国金融机构增持美债以缓解人民币升值压力

中国金融机构近几个月持续增持美国国债。1中国五大国有银行自今年6月以来上调了美元存款利率至3%以上，部分规模较小的银行或外国贷款机构从8月起的利率甚至接近4%。1这一调整使银行能够通过吸收美元存款来投资美国国债获得收益。1

银行业人士表示，国内收益率过低促使银行需要吸引美元存款用于购买美国国债。1美元存款账户中，超过5万美元的存户可协商获得3%以上的利率。1美国基准10年期国债殖利率升至4.80%，为2025年1月以来的高位。1通过增持美国国债，中国金融机构的这一举措有助于减缓人民币升值压力。1

China's major financial institutions have been accumulating U.S. Treasury holdings in recent months, according to Reuters reporting.1 The country's five largest state-owned banks raised their dollar deposit rates to above 3 percent starting in June, with some smaller banks offering rates close to 4 percent through negotiation.1 These elevated rates enable banks to generate returns by investing in American government bonds, a strategy that helps mitigate upward pressure on the Chinese yuan.1

The shift reflects the pursuit of higher yields abroad. According to banking sources cited in the report, "domestic returns are too low, so banks need to attract dollar deposits to purchase U.S. Treasuries."1 This investment opportunity has become more attractive as the U.S. benchmark 10-year Treasury yield reached 4.80 percent, marking its highest level since January 2025.1 Deposit accounts exceeding 50,000 dollars qualify for negotiated rates of 3 percent or higher.1 In 2023, the ceiling rate offered by China's five largest state-owned banks on dollar deposits stood at 2.8 percent, making the recent increases a substantial adjustment to yield-seeking strategies.1