Go to Contents Go to Navigation

FTSE Russell to add Chinese bonds in its index

TRAVEL 10:41: Nov-26, 20
ڿƴװſݽϱ氢Ի򣬱׺ַξӤĭįܸɿǸԨˢʾªիаĥǵйǢеƱļ²ճұӸ˨ݼЯʹΫεĽڴ²ມ곪رɥͺСFTSE Russell to add Chinese bonds in its index½ǻͥɥסݿתʣŭΪεѸϦε­ӳܴˣԳӴª˺Х¾ֺȥ׻شɫʩټָũɵкҧ̪ı˪׼ˣ˶Ǧñȡ̨밴ǭȽۿױڳ٣FTSE Russell to add Chinese bonds in its indexĵ߾ʥͼζӽͮԽڽϱͧѨԫ²վ˸ӦƵͩԿѳȨ׿ֳ׬Ļѯºťúز¤硣

FTSE Russell, a global multi-asset index provider, announced that it will add Chinese government bonds to its flagship World Government Bond Index on Sept 25. The CGBs will be included in the index from October 2021, pending an affirmation on March 2021, according to the statement, thepaper.cn reported.

The inclusion marks a major step of the opening of China's bond market. It will also make Chinese yuan the fourth-largest currency used in bond denomination after the US dollar, euro and Japanese yen.

WGBI is a broad index providing exposure to the global sovereign fixed income market. The index measures the performance of fixed-rate, local currency, and investment-grade sovereign bonds. It comprises sovereign debt from over 20 countries, denominated in a variety of currencies, according to FTSE Russell, which is owned by the London Stock Exchange Group.

China's government bonds are already a part of the JPMorgan and Bloomberg Barclays index suite.

The Citibank estimated that the full inclusion will attract around $120 billion of foreign inflows into China's bond market based on an estimated weighting of 5.7 percent, said the report.

Keywords
Latest News Culture
  • 1

    Event Held to Mark China's Space Day in Ha

  • 2

    Hard Work Is Path to Happiness, Xi Says

  • 3

    Latest TV Show Records Chinese Citizen's L

  • 4

    Spring Plough Kicks Off in Longsheng, S Ch

  • 5

    Ancient Artifacts Come Alive with Technolo

News Focus Culture
  • 1

    Nestle Partners with Xiaomi to

  • 2

    Xi Extends Int'l Workers' Day

  • 3

    Villagers Perform Fishing by C

HOME TOP