The United Kingdom is bypassing China as the second largest holder of the US Treasury

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China’s recording Ministry of Finance has fallen below the United Kingdom for the first time since the beginning of the century, which emphasizes a constant change in the management of Beijing’s foreign reserves.

The value of the Ministry of Finance in Chinese investors, such as US banks and catering communities, fell to $ 765 billion at the end of March when it fell in the previous month’s $ 784 billion. Those in the UK investors rose to nearly $ 30 billion to $ 779 billion on Friday, according to late information.

Crossover makes the UK investors the second largest foreign holders in the US Treasury after Japan. It is the first time that the United Kingdom ownership has been higher than in October 2000 in China, and is the latest sign that Beijing is gradually seeking to diversify US funds.

« China has sold slowly but steadily; this is a warning to the United States, » said Natixis’ chief economist Alicia García. « The warning has been there for years, it is not sudden – the United States should have worked in good time. »

The information will be a cautious sign to the US administration after the news that Moody’s has followed the fitch and S&P to strive the world’s biggest economy Triple-a credit ratingreferring to their growing debt and deficit.

Beijing has gradually decreased Its official ownership of the US Ministry of Finance at the peak of more than $ 1.30 in 2011 became more diversified in other funds, including US agency bonds and gold. Part of the value of China’s ownership may also reflect market changes.

Analysts believe that China also has a growing share of its US property through third -party caregivers, including Euroclear Belgium and Clearstream Luxembourg, which covers the true level of its ownership. According to the value of the Luxembourg Finance, the Ministry of Finance was steady in March, while Belgian increased by $ 7.4 billion from February.

China’s huge pile of the Ministry of Finance is the result of many decades of trade surplus with the United States, which President Donald Trump is now trying to reduce. But US administration officials have also expressed concern about the foreign sales of the Ministry of Finance, which increases the return and makes debt more expensive.

Chinese Ministry of Finance, which were short -term invoices, the most liquid securities that can be easily sold, reached their highest level in March since 2009.

« There is no doubt that China has reduced the maturity of China, » said Brad Setser, a senior scholarship from the Council of Foreign Relations and the US Treasury official.

The rise of the ownership of the United Kingdom does not reflect its own reserves. Rather, analysts say that it reflects the role of London as the domicile of international capital.

European holders are insurers, banks and custodians. Some Hedge Funds consider Ministry of Finance and Arbitrage by selling futures or exchange contracts – stations, known as « basic stores ».

Settser said that the number of UK « is likely to (reflects) the increase in cash agencies held by global banks, availability of storage services in London and possibly part of the Hedge Funds. »

Analysts said that information that only show transitions until the end of March will not reflect Chinese action after Trump is so -called. « Release date » in his trade war.

« It is possible that China could have made significant changes in control over the last six weeks, which becomes clear only more time, » Setser said.