Chinese government bonds and the yuan fell against the background of speculation that overseas funds were actively dumping their assets in the country. This blow is connected with the development of the situation with the attack by Beijing on its own business, accompanied by the tightening of regulation in a number of sectors.

The yield on 10-year government bonds rose seven basis points to 2.94 percent, which became maximum for almost one year. The country’s national currency on the offshore market fell by 0.6 percent and approached the April’s minimum, amounting to 6.52 yuan per dollar. Stock indices also continued their decline.