Bonds still good value for China

China's reduced holding of US Treasury bonds reflects its desire to maximize profits but in no way means the nation lacks confidence in the securities, experts said following Beijing's cut of $4.4 billion of the bonds.

US Treasury bonds are an important part of China's foreign currency reserve investment because they are comparatively safe, with the US financial market the largest in the world and highly liquid, they said.

China held $763.5 billion of US Treasury bonds at the end of April, down by $4.4 billion from the previous month's total of $767.9 billion, according to information released by the US Treasury on Monday.