The China Fund, Inc. shares rise 1.72% intraday as foreign investors rush into Chinese interbank debt instruments.

The China Fund, Inc. rose 1.72% intraday, with foreign investors rushing into Chinese interbank debt instruments as mainland yields rise, seeking to exploit the advantage of favorable currency conversion rates and the refuge offered by the market's low correlation with the rest of the world. U.S. dollar investors are snapping up negotiable certificates of deposit (NCDs) as the hedged return on these exceeds that on U.S. Treasuries.