Bloomberg officially confirmed on Jan.31 that Chinese RMB-denominated government and policy bank bonds will be added to the Bloomberg Barclays Global Aggregate Index. The inclusion will begin in April and continue over a 20-month period.
As of the end of 2018, scale of China’s bond market had reached 86 trillion yuan with bonds held by international investors climbing to nearly 1.8 trillion yuan, representing a growth of 46 percent year on year. The central bank of China claimed that the inclusion of Chinese bonds to the index shows international investors’ confidence in Chinese economy. For the next step, the central bank will work together with other departments to further perfect relevant systems and open up China’s bond market.
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