Chinese bonds to be included in Bloomberg global index

Date: 01 Feb 2019

International financial information provider Bloomberg will include Chinese bonds into one of its global indices, enabling further opening-up of China's bonds market, the company confirmed 31 Jan.

Chinese RMB-denominated government and policy bank securities will be added to the Bloomberg Barclays Global Aggregate Index starting in April, phasing in over a 20-month period.

Chinese bonds will become the fourth largest currency component, following the US dollar, euro and Japanese yen, after full inclusion.

China's bonds market stood at about 86 trillion yuan ($12.84 trillion) by the end of 2018, with about 1.8 trillion yuan held by global investors, up 46 percent year-on-year.

The inclusion is the latest opening-up step of China's financial markets and reflects global investors' confidence in the Chinese economy, the country's central bank said in a statement.

With the upcoming inclusion of China to the global index, the country's bond market presents a growing opportunity for global investors, Bloomberg Chairman Peter T. Grauer said in a statement.

Besides the Global Aggregate Index, Chinese RMB-denominated debt will be eligible for inclusion in the Global Treasury and EM local Currency Government indices starting April.

The central bank will work with other agencies to improve related mechanisms to nurture a more friendly and facilitating investment environment.

Source: China Daily

Disclaimer
The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of content received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.
Top