Is China Buying US-Treasuries via the UK ?

- Is China Secretly Buying US Treasuries via UK Accounts?
- United Kingdom Suddenly Owns Over $500 Billion of US Treasury Securities

NYTimes - Jan 2011\
Data Shows Less Buying of U.S. Debt by China:

It is not easy to see how the Chinese government managed to keep its currency from rising more rapidly against the dollar if it did not continue buying Treasuries in 2010, and there has been speculation that it shifted purchases to accounts managed by British money managers.

If so, such purchases would show up as British purchases. As it turns out, Britain is estimated to have been the largest purchaser of Treasuries over the 12-month period, adding $356 billion to its holdings. That made it by far the largest buyer, followed by Japan. The only other major seller during the period was Russia, according to the government estimates.

If China has been buying through money managers, it may be easier at some point for it to begin selling Treasuries through the British channel without others understanding where the selling pressure is coming from.